Artwork from Global Times
BEIJING, MArch 20 (Global Times/ANN): After the world saw what has been characterised as an unprecedented open confrontation between China and the US, many in the business world are turning their eyes to trade in the hope of possible cooperation, as the two biggest economic powers appear to be in a deadlock on major political and security issues, but there remains massive mutual economic interests that could pull the countries from plunging into wider conflict.
Trade has always been a reliable stabilizer in bilateral relations, and it could play the most important role in holding the two countries together when their relations are in a downward spiral, analysts said. While there are still many disputes in trade, including lingering tariffs and the US crackdown on Chinese firms, there is more urgency and hope for both sides to reach breakthroughs in addressing those issues, business leaders and analysts noted.
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