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nglomerate Cargill Inc, said the best way to solve trade issues is to talk to each other, communicating to find solutions.
“A large number of global companies have invested in China; it is a clear signal that Ch
ina is going to further open its markets, and many opportunities can be found in different sectors across the country,” he said.
Experts said the new progress, reached by collaborative efforts from both sides, can im
prove the outlook for both the US and Chinese economies and benefit the global economy and supply chain in 2019.
The Chinese and US economies are so inextricably intertwined that a blow to one would most li
kely make a dent in the other, too, said Bai Ming, deputy director at the International Market Institute of the
Beijing-based Chinese Academy of International Trade and Economic Cooperation.
This interdependence would exact far-reaching damage on the optimal resource allocation of both countries if trade tensions esc
alated, said Chen Wenling, chief economist at the China Center for Economic Exchanges. “The US needs C
hinese goods as much as China needs equipment and agricultural products from the US,” she said.