Chinese VP: China, U.S. "Winners" in Bilateral Economic, Trade Cooperation

Chinese Vice President Xi Jinping said here Friday that both China and the United States have benefited from their growing business ties over the past four decades.

Addressing the opening session of the China-U.S. Economic and Trade Cooperation Forum held in Los Angeles, Xi said that mutual benefit has been "the most salient" feature of China-U.S. economic and trade cooperation.

"There is a view which suggests that China is the winner and the United States the loser in bilateral economic and trade relations. Such a view does not square with facts," said Xi.

Admitting that China has indeed benefited a lot from its growing business ties with the United States, Xi said: "So has the United States."

"Both China and the United States are winners. This is a truly win-win situation," the vice president said.

The large import of quality and inexpensive goods from China has helped the American people improve their real spending power and living standards and contributed to the efforts of the United States to maintain growth, said Xi.

(Source: Xinhua)