General

According to Chinese statistics, the total trade value between China and the United States in 2022 increased by 3.7% year-on-year. But in the first five months of this year, the total value of trade between China and the United States decreased by 5.5% year-on-year, further expanding compared to the first four months. Among them, China's exports to the United States reached 1.38 trillion yuan, a decrease of 8.5%; Import from the United States reached 508.29 billion yuan, an increase of 3.9%; The trade surplus with the United States reached 87.057 billion yuan, narrowing by 14.5%.

Analysts believe that despite a decrease in trade volume, the economic and trade relations between China and the United States are still closely connected.

From the recent intensive visits of executives from multiple US companies such as Musk to China, it can be seen that the theory of "decoupling" is unpopular.

In the words of Gresse, the former chief economist of the United States Trade Representative Office, although the US tariff policy on China has an impact on bilateral trade, the behavior of consumers and enterprises is more influential than political decision-making.

In fact, the healthy development of China US economic and trade relations has always been the common expectation of business professionals.

Craig Allen, President of the China US National Committee on Trade, recently stated that there is competition in the bilateral trade relationship between China and the United States, but there are also more reasons for cooperation. We should do our utmost to ensure that both countries move forward on the path of not overly focusing on competition and facing the interests of cooperation

He stated that a healthy and balanced economic and trade relationship between the United States and China is in the interests of both sides, and both companies and consumers benefit from it.

Hua Ganglin, president of the American Chamber of Commerce in the People's Republic of China, also said that the United States has benefited a lot from Sino US trade. The trade between the two countries is "highly integrated", and the sudden impact will have "disastrous consequences" for both the United States and China and the world.