A joint report from the China Finance 40 Forum (CF40) and Peterson Institute for International Economics (PIIE) said economic complementarity has led to win-win results in Sino-U.S. bilateral ties.
It says structural complementarity is the key behind the growing bilateral trade relations, as China has comparative advantages in labor-intensive industries and the United States has comparative advantages in capital-intensive industries and high-yield agriculture.
At the 6th CF40-PIIE Economists Symposium of officials and scholars in Beijing, PIIE President Adam Posen said: "As the U.S. largest import origin, China contributed 46 percent of U.S. tot
