【正文】 , it would have meant an increase of 46 billion dollars of its export to 2020, China will have a 600 billion US dollars market for civil aviation, integrated circuit, machine tools and other of these products fall under the export control current practices continue, many US businesses will see opportunities easily far as investment is concerned, there is a growing interest among Chinese investors to e and invest in the US, but Chinese investment in the US is not growing as fast as it the 317 billion US dollars that Chinese panies have invested abroad by the end of 2010, only about 5 billion, or %, was made in the requires joint efforts from both sides to enhance mutual have worked, and will be working to improve our legal framework, strengthen IPR protection, and provide a favorable and level playing field for foreign businesses in terms of indigenous innovation and government the part of Chinese investors, they need to know more about US laws, regulations, investment environment and corporate culture in order to make the right investment is important that the US side takes similar steps to provide an open and friendly environment for Chinese investment which can contribute to the US economy and ing from China, including those from the state owned enterprises which are public listed panies and operating under market rules, should be viewed in a more positive , we need to further enhance subnational munities are the main players and beneficiaries in ChinaUS economic and trade the past decade, 47 out of 50 states in the US have seen a three digit, in some cases even 4 digit growth in their export to is great potential for subnational summer, when the first ChinaUS Governors Forum was held in Salt Lake City, the two sides signed over 20 cooperation agreements, with a total value of 3 billion US second Forum was held in Beijing last month, with more agreements and MOUs signed between the two should make good use of the Forum and other subnational mechanisms to promote economic and trade economic and trade relationship is so big and expanding so fast that it is only normal to have economic problems should be addressed as economic problems through such dialogue and consultation mechanisms as the Strategic and Economic Dialogue and the Joint Commission on Commerce and recognize that there is trade imbalance between China and the United trade imbalance is caused by a bination of factors, including the structural trade and investment differences, divergent patterns of saving and consumption, and the international division of labor, rather than an issue of the RMB exchange fact, the RMB has appreciated by nearly 30% since July , between 2005 and 2011, the US unemployment rate increased from % to 9%.This proves that RMB appreciation alone will not help to reduce the unemployment rate in the is also important to know that China’s trade with the rest of the world is moving toward greater ’s trade surplus is declining on a yearly, even monthly January and October this year, China’s imports grew by 5 percentage points faster than exports, and China’s trade surplus was down by 16%.In the same period, the trade surplus accounted for less than % of China39。s total if the inflow of the capital account is included, China’s current account surplus is less than 3% of the GDP, much lower than % in the same period last general, China’s trade is basically balanced, and China’s balance of international payment is within a reasonable have shown that the managed floating exchange rate regime based on market supply and demand with reference to a basket of currencies is in line with China’s realities, and is conducive to international economic and financial stability and will continue to progressively promote the reform of the RMB exchange rate regime, and make the exchange rate more flexible in a selfinitiated, gradual and controllable do not believe that legislation is the appropriate mechanism by which to address the currency to invoke protectionist measures will only push China and the US toward the brink of a “trade war,” which is exactly what we should avoid when confronted with a sluggish world economy and international financial and the US are working closely on many important regional and global issues, from traditional security and development areas to newly emerged issues such as antiterrorism, nonproliferation, climate change, energy and environmental protection。from addressing the global financial crisis and facilitating world economic recovery to the realization of the UN Millennium Development it is true that China has achieved remarkable growth in the past decades, it is still a developing China’s economy is now the second largest in the world, it is far closer to the third than to the GDP is just over 40% of that of the United States, and per capita GDP is 1/10 of that of the United is clearly a long way to go, and there are enormous challenges and problems has taken the path of peaceful development, and will remain mitted to will stick to the reform and opening up policy and continue to work hard to ensure a balanced and sustained growth and to improve the living standards and basic rights of the Chinese has happened has proved and will continue to prove that China’s peaceful development is an opportunity, not a not only brings real benefits to the Chinese people, but also contributes to the welfare of the people of the rest of the , China and the United States account for about one third of the world economy, one quarter of the world population and onefifth of international this era of globalization, and given the size and the degree of interconnectedness of the two countries, China and the US can be regarded as a munity of success of one relies greatly on the success of the new realities require new people continue to look at each other with the cold war mindset, China and the United States will be drawn into confrontation and is imperative to shif