Mutually beneficial economic and trade cooperation is a 'constant' factor in US-China relations

On July 18, Mr. Hoang Binh, Chinese Consul General in New York, commented that the "inseparable" economic and trade relations between the two countries help connect the two sides of the Pacific .

While US-China competition has increased in recent years, trade cooperation and interdependence between the two countries are undeniable. (Source: Reuters)

At the opening ceremony of the 24th China Textile and Apparel Trade Fair in Manhattan (New York), Mr. Hoang Binh affirmed: “In the past few years, the world has undergone profound changes. China-US relations face a number of challenges, but there are things that remain constant. First, economic and trade cooperation between China and the US is mutually beneficial. Second, the high mutual support and interdependence between the two countries. The textile and apparel industry is a typical example.”

According to him, China is the world's number 1 producer, exporter and consumer of textiles, owning the largest and most complete textile industrial network, while the US is also a leading textile consumer.

Therefore, Mr. Hoang Binh said that the textile and garment industries of the two countries need to "seize opportunities, strengthen cooperation, and contribute to the healthy, stable and sustainable development of US-China economic and trade relations".

The 24th China Textile and Apparel Trade Fair held in Manhattan, New York attracted nearly 800 Chinese manufacturers of fabrics, home textiles and apparel.

This event is to promote China's latest products and collections to American fashion customers.

Within three years, from 2020-2022, the average export turnover of Chinese textiles and garments exceeded the threshold of 300 billion USD and reached a record high of 323.3 billion USD in 2022.

Source: https://baoquocte.vn/hop-tac-kinh-te-thuong-mai-cung-co-loi-la-nhan-to-bat-bien-trong-quan-he-my-trung-235262.html