February 10, 2023
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Ties between China and the U.S. have frayed in
the last few years, generating a lot of rhetoric around the notion
of economic "decoupling."
However, that was not evident in trade
figures released by the U.S. Commerce Department on Tuesday, Feb.
7, showing that trade between the two world powers has hit a record high.
Goods traded in 2022 between China and the
U.S. reached $690.6 billion, according to U.S. data.
Chargé d'Affaires of the Chinese Embassy in the
U.S. Xu Xueyuan said the win-win nature of China-U.S. economic and trade
cooperation will not change, and will still play the role of "stabilizer" in bilateral relations.
U.S imports from China increased to $536.8
billion last year as American shoppers spent more on Chinese-made goods,
while U.S. exports to China increased to $153.8 billion.
The world's two biggest economies have also been
in a trade war since 2018 when former U.S. president Donald
Trump imposed tariffs on nearly $300 billion worth of Chinese
goods, leading China to also retaliate.
In other news:
· China urges U.S. to stop long-arm
jurisdiction, illegal unilateral sanctions
· U.S. Treasury Secretary Janet Yellen says
she still hopes visit China soon. Yellen said she still hoped to
visit China, though she did not provide any specific details regarding timing
· As a response to U.S. President Joe Biden's
remarks about China in his State of the Union speech, China said that China doesn't shy away from or
fear competition, but China opposes defining the whole China-U.S.
relations by competition
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