Two Sessions Spotlight: China-US economic relations now and in the future

In 2021, China-US trade soared by nearly 30 percent to a record $756 billion, while the US trade deficit with China widened to $355 billion.

Behind the numbers, how are China-US economic ties? Tang Yao, an associate professor at the Guanghua School of Management of Peking University, stressed China’s capability to fill the US demand for goods, while seeing a stalemate in trade relations.

The economist believes that there will be more competition beyond the trade sector, such as in the tech sector, in the future for the two countries.