The US-China Business Council has timely highlighted a key fact namely that the growth in US exports to China have far outpaced its growth in exports to the rest of the world over the past decade.
After reform and opening-up, Chinese companies have, through their own efforts and with government support and promotion of industrial associations, achieved remarkable progress in brand building.
The continued strong growth of the Chinese economy is not guaranteed, but it is not in the best interest of the United States to expect China to fail.
The document concerning a change to the method of taxing year-end bonuses, which the State Administration of Taxation (SAT) now claims to be fake, is an embarrassment to the administration.
After years of fast development, China's development is confronted by a series of problems. The wealth gap is becoming bigger and bigger and so are imbalances among different regions.
With an average yearly growth rate of 10 percent, China has been able to reduce the number of poor people in the country by nearly three-fourths since 1990.
The sovereign debt crisis in the United States will affect exports from China.
Despite a two-day weekend buffer, the downgrading of the US credit rating on Aug 5 by Standard & Poor's from AAA to AA+ with a negative outlook and threat to lower it further to AA.
No matter how hard the scandal-ridden Red Cross Society of China tries, its public image will be difficult to restore. The loss of public confidence is so complete.
The trade imbalance, the renminbi exchange rate, intellectual property rights and export bans now embody the frictions between the two.
The oil leaks in Bohai Bay have nowlasted for two months. With Concon Phillips (COPC) providing poor and long overdue information, public concerns over the pollution have soared.
Of the $3.2 trillion in reserves managed by the State Administration of Foreign Exchange, about $1.1 trillion are in US Treasuries, according to US Treasury International Capital System figures.