China is expected to become the United States' largest trading partner in about 10 years and their economic ties are bringing "huge benefits" to Americans, US Treasury Secretary Timothy Geithner said Friday.
Container terminal testimony to robust growth of bilateral trade.
Boeing's relationship with China covers almost all major aviation sectors, according to Boeing commercial airplanes executives.
The United States and China must seize the "great opportunity" of cooperation to solve the common challenges facing the world today, said US Commerce Secretary Gary Locke on Thursday.
Beijing on Wednesday asked Washington to assure the security of its financial assets in the country, as the US is likely to further press China to revalue the yuan during President Hu Jintao's visit there next week.
Sino-US economic ties benefit both sides: Geithner
The Chinese yuan strengthened to a record high against the US. dollar on Wednesday to reach 6.6128 per dollar.
State-owned Bank of China Ltd has opened trading in the yuan currency to US customers, according to a posting on the bank's website dated December 2010.
China's trade surplus narrowed in 2010 for the second straight year - helped by increased domestic demand - and the trend is expected to continue for the first half of 2011, economists said.
The Obama administration said Wednesday that two days of talks with a high-level delegation from China produced results that should benefit US companies ranging from manufacturers of computer software and wind turbines to beef producers.
China hopes that the US economy could recover as soon as possible because it is important to the whole world, Chinese Commerce Minister Chen Deming said Wednesday.
China and the United States on Tuesday kicked off their annual trade talks in Washington DC.
Many US companies said in a survey that they are committed to doing business in China, despite a federal commission report that criticizes China for its "highly discriminatory" economic practices.