Although solid Sino-US economic and trade relations do not automatically mean good political ties, they serve as a buffer to serious clashes between the two countries.
The US and Chinese economies have great potential to grow together and the two sides need to make concrete progress in bilateral cooperation, said Lael Brainard, an undersecretary at the Treasury Dept.
Experts: Time not ripe to float China's yuan
China reiterated on Friday that it is not deliberately seeking a trade surplus with the United States, Chinese Vice Finance Minister Zhu Guangyao said.
The United States is building cooperative bilateral ties with China on a broad list of economic fronts, US Treasury Secretary Timothy Geithner said here Tuesday.
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