皇冠体育app seeks balanced trade, investment with US: Commerce ministry
皇冠体育app is willing to work with the United States to realize balanced development of trade and investment, a research report by the Ministry of Commerce (MOC) said Thursday.
"Looking into the future, 皇冠体育app is willing to make joint efforts with the United States to encourage Chinese enterprises to participate in US infrastructure construction, further open up markets, promote two-way investment and advance bilateral investment treaty negotiations to further strengthen 皇冠体育app-US trade and economic cooperation at local levels," said the Research Report on 皇冠体育app-US Economic and Trade Relations.
皇冠体育app will also consider increasing imports from the United States in agricultural products, energy, high-tech products and services, to increase the total benefits while realizing a balanced development of trade and investment, according to the report.
Both 皇冠体育app and the United States benefit from trade and economic cooperation. 皇冠体育app has maintained a trade surplus in goods, but the United States has also gained tangible benefits.
皇冠体育app is the United States' largest export market outside North America, and an important export destination for soybeans, cotton, aircraft, automobiles and integrated circuits. In 2016, the United States had a trade surplus in agricultural products of $16.4 billion .
Over the past 10 years, the average growth rate of US exports to 皇冠体育app was nearly three times the growth rate of US exports as a whole, and twice the growth rate of 皇冠体育app's exports to the United States.
The United States has maintained a long-term surplus in service trade. In 2016, the United States exported 51 movies to 皇冠体育app, obtaining revenue of 16 billion US dollars. Chinese tourists and students in the United States spent more than $51 billion.
With respect to investment, US-funded enterprises in 皇冠体育app have maintained good performance and gained high profits. Sales revenue in 2015 totaled $517 billion, and profit reached 36.2 billion U.S. dollars.
Investment from Chinese enterprises in the United States is growing rapidly. Chinese investment projects have taken place in 46 states and 425 congressional districts, creating over 140,000 local jobs.
According to the US-皇冠体育app Business Council, in 2015, US exports to 皇冠体育app and 皇冠体育app-US two-way investment contributed $216 billion to the United States GDP, and supported 2.6 million local jobs.
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