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Chinese, US pledge closer sub-national cooperation

(Xinhua)

10:50, October 20, 2011

BEIJING, Oct. 19 (Xinhua) -- Chinese and U.S. officials pledged Wednesday to strengthen their sub-national economic cooperation and remove some Chinese entrepreneurs' apprehensions about investing the United States.

"Provinces and states are the backbone forces that sustain the economic cooperation between China and the United States," said Chinese Vice Foreign Minister Cui Tiankai as he addressed a group of Chinese and U.S. province or state leaders, adding that there is great potential for sub-national cooperation between the two sides.

The leaders, eight from China and six from the United States, gathered in a Beijing hotel to attend a China-U.S. Governors Dialogue.

Two-way trade and investment have benefited both China and the United States, said Washington State's chief Christine Gregoire at the meeting, calling for more efforts made at the province- or state-level to create business opportunities and jobs in the two countries.

China is now the second largest trading partner of the United States and its third largest export market with bilateral trade totaling 385.34 billion U.S. dollars in 2010, according to China's Commerce Ministry.

Meanwhile, the two countries see more and more tourists from each other. Statistics show that 1.4 million Americans visited China while 930,000 Chinese visited the United States from January to August this year. The total two-way arrivals grew by 13.2 percent year on year.

Guam governor Eddie Calvo was one of the U.S. officials trying to invite more Chinese tourists.

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