TRADE RELATIONS

CHINA-US economic and trade deals account for over two thirds on the list of all 49 deals President Xi Jinping sealed during his US state visit. Among them are a joint venture company to build a 370kilometre high-speed rail line linking southern California to Las Vegas, collaboration between Microsoft and Xiaomi to provide “cloud service” for customers, construction of a manufacturing base in Massachusetts with $60 million (R833m) investments from CRRC, and so on.

The two giant economies of China and the US are tightly connected to each other. Trade and the economy on high levels are bringing unlimited business opportunities.

There have been doubts about whether the Chinese economy would have a socalled hard-landing, or whether the fluctuation in the Chinese stock market would influence the direction of China’s reform. “China’s economy will stay on a steady course with fairly fast growth”, Xi said in Seattle. “Opportunities facing the two countries require a deepened China-US trade co-operation.”

Echoing all these statements made by Xi in the state visit, the achievements made during the past week have sent a clear signal: China will stay on its reform track despite the fluctuations in the

In the past eight months, China attracted $85.3 billion of foreign direct investment, seeing a 9 percent increase year on year. This indicates that foreign investors still hold firm confidence in Chinese economy. On the other hand, China has invested in 4 862 companies across 150 countries and regions. These overseas investments accumulate to 473.43 billion Chinese yuan (R1 trillion), with an 18.2 percent increase