Economy
China to be US largest trading partner in a decade: Geithner
Updated: 2011-01-15 11:20
(Xinhua)
WASHINGTON - China is expected to become the United States' largest trading partner in about 10 years and their economic ties are bringing "huge benefits" to Americans, US Treasury Secretary Timothy Geithner said Friday.
"It's very important to understand that this is a relationship with very substantial economic benefits to the United States," Geithner said at a White House briefing.
The secretary said that the US exports to China passed the $100 billion mark in 2010.
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The two economies are each other's second largest trading partner now.
"The opportunities American companies enjoy in China are expanding quite substantially," he said.
He said that the United States will talk candidly and openly about its economic concerns with China during President Hu Jintao's State visit to the country next week.
On the other side, China will talk about their concerns and their expectations for how to make sure they have continued access to US technology and US markets, he added.
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