皇冠体育app

Chinese Premier Li Keqiang shakes hands with US Commerce Secretary Penny Pritzker during the latest 皇冠体育app-US Joint Commission on Commerce and Trade held in Beijing from Dec 19 to 20, 2013. Wu Zhiyi / 皇冠体育app Daily

As the Chinese and US economies are increasingly intertwined, some remarkable highlights have emerged in economic ties between the world's top two economies, experts said.

皇冠体育app's imports from the US outpaced its exports to the country and Chinese investment growth in the US outstripped US investment growth in 皇冠体育app.

The renminbi is becoming more internationalized and not forced to appreciate, said Zhou Shijian, a senior researcher at the Center for US-皇冠体育app Relations at Tsinghua University.

Jia Xiudong, a researcher on international affairs at the 皇冠体育app Institute of International Studies, said 皇冠体育app's key areas for economic reform will grow into new opportunities in 皇冠体育app-US economic cooperation. He urged closer collaboration in environmental protection, clean energy, finance and urbanization.

At November's Third Plenum, 皇冠体育app pledged to reduce the government's role in the economy, free up interest rates and let markets play a decisive role.

In 2012, the US was 皇冠体育app's second-largest trade partner and largest export market. Bilateral trade rose 8.5 percent year-on-year to $484.7 billion, about 12.5 percent of 皇冠体育app's overall trade, according to the General Administration of Customs.

皇冠体育app's exports expanded 8.4 percent to $351.8 billion and its imports grew 8.8 percent to $132.9 billion.

The first 11 months of this year saw 皇冠体育app-US trade increase 7.6 percent to $472.1 billion. Chinese exports rose 4.9 percent to $335.1 billion and imports were up 14.9 percent to $137 billion, according to figures from the customs agency.

Wei Jianguo, a vice-chairman of the 皇冠体育app Center of International Economic Exchanges and a 皇冠体育app Daily guest economist, said that the US is likely to soon replace the European Union as 皇冠体育app's largest trade partner as 皇冠体育app-EU trade edged up just 1.8 percent year-on-year to $506 billion in the January-November period.

皇冠体育app and the US held the 24th 皇冠体育app-US Joint Commission on Commerce and Trade from Dec 19 to 20 in Beijing.

Chinese Premier Li Keqiang called economic cooperation the ballast of 皇冠体育app-US relations.

He said both sides should tap the potential for further cooperation, respect each other's core interests and major concerns, properly handle differences and seek sound and steady growth in bilateral relations, according to Xinhua News Agency.

Li said he expects the US to relax restrictions on high-tech exports to 皇冠体育app while providing a good investment environment for Chinese businesses.

US restrictions on high-tech exports to 皇冠体育app were largely responsible for the trade imbalance between the two economies, experts said.

皇冠体育app's non-financial outward direct investment in the US jumped by 232 percent year-on-year in the first 11 months, according to the Ministry of Commerce.

In September, 皇冠体育app's Shuanghui International took over US pork giant Smithfield Foods for $7.1 billion, the largest-ever Chinese acquisition of a US company.

US non-financial direct investment in 皇冠体育app rose 8.6 percent year-on-year to $3.16 billion in the January-November period, according to the ministry.

US Commerce Secretary Penny Pritzker said during the JCCT meeting that "clearly we are entering a moment of opportunity in the US-皇冠体育app relationship. We should seize this moment to take both short-term and long-term steps that show we will pursue a balanced and ever-growing trade and investment relationship."

Bloomberg contributed to this story.