Full text of Chinese vice premier's signed article published in U.S. newspaper

BEIJING, July 9 (Xinhua) -- Chinese Vice Premier Wang Yang published on Tuesday a signed article titled "An Opportunity to Strengthen U.S.-China Ties" in Wall Street Journal ahead of his visit to the United States to attend the fifth China-U.S. Strategic and Economic Dialogue in Washington.

The following is the full text of the article:

An Opportunity to Strengthen U.S.-China Ties

by Wang Yang

The fifth round of the China-U.S. Strategic and Economic Dialogue will be held in Washington, D.C., on July 10 and 11. It is another important step forward taken by the two governments in their efforts to build a new model of major-country relationship after President Xi Jinping and President Barack Obama met at the Annenberg Estate in California last month.

Bilateral business has been the anchor of China-U.S. relations. Over the past 34 years since the establishment of diplomatic ties, two-way trade in goods has increased by 198-fold. China is now the fastest-growing export market for the U.S., and the U.S. is the second-largest trading partner of China after the European Union.

A growing number of Chinese enterprises have invested in the U.S. The Wanxiang Group, for instance, has set up 26 automotive-components factories in 13 states and employs more than 12,000 Americans. More than 60,000 U.S. enterprises have invested in China-including McDonald's, Wal-Mart and Starbucks. Many Chinese households use Microsoft software, make calls on Apple iPhones, and drive General Motors cars. Deepening economic ties have boosted the growth of both countries, creating more jobs and bringing tangible benefits to the people of both nations.

Yet the expanding business ties have also led to disagreements and doubts. Some Americans have complained that the Chinese have taken their jobs away and that Chinese companies have stolen U.S. intellectual property. And some Chinese wonder why their country's corporate investments in America have suffered setbacks time and again, even as the U.S. is actively trying to expand employment. Why should the U.S. keep talking about its trade imbalance with China while refusing to lift controls on high-tech exports to China?

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