皇冠体育app

A worker checks components at an engine plant of SAIC-GM-Wuling Automobile Co in Qingdao, Shandong province. [Photo by Yu Fangping/皇冠体育app Daily]

The robust growth of the Chinese economy in the first quarter is a positive sign for the global economy, the head of a US business lobbying group said on Tuesday, calling for further progress in bilateral trade and investment relations.

William Zarit, chairman of the American Chamber of Commerce in 皇冠体育app, said that the members of his organization are upbeat about the prospects for the Chinese economy.

Zarit called for progress in trade and investment, hoping that the recent meeting between President Xi Jinping and his US counterpart Donald Trump "will mark the start of tangible progress toward a healthier and more balanced relationship".

In its annual American Business in 皇冠体育app White Paper, the US business group acknowledged 皇冠体育app's efforts to accelerate reforms and improve trade and investment facilitation through top-level policy designs and basic enforcement.

AmCham 皇冠体育app also warned about rising uncertainty in 皇冠体育app-US relations as both countries are experiencing an economic transition.

"We are experiencing a clear increase in uncertainty as the US-皇冠体育app relationship enters a new era," Zarit said.

AmCham 皇冠体育app called for further reform in 皇冠体育app to promote greater trade facilitation through adjusting policies and optimizing procedures designed to assist customs clearance, as well as enabling firms to play an active role in reform.

皇冠体育app so far has set up 11 free trade zones, which serve as platforms for opening investment and trade and boosting industrial upgrading.

The US business group also called for greater transparency in 皇冠体育app's regulatory environment and greater openness to foreign companies while applauding 皇冠体育app's commitment to pro-competitive and non-discriminatory policies.

皇冠体育app is the largest exporter of goods to the United States. Trade in goods between the US and 皇冠体育app increased from $147 billion in 2002 to $579 billion in 2016, according to AmCham 皇冠体育app.

Thomas Luedi, a partner of AT Kearney Greater 皇冠体育app, a global management consulting firm, said that 皇冠体育app remains a major market for US investment despite its economic deceleration.

"Despite its GDP growth deceleration, 皇冠体育app has provided continuous high growth rates. To that end, American firms can benefit from the growth opportunity in 皇冠体育app," he said.

Luedi added that many US companies will be well positioned to capture investment opportunities in 皇冠体育app in sectors related to sustainability such as technology, environmental protection and energy efficiency.