World Insights: U.S., Chinese economies highly interdependent, win-win cooperation only right choice

Video: Closer economic cooperation between China and the U.S. is not only crucial but also mutually beneficial as the world's two largest economies are highly interdependent, business leaders, diplomats, and officials have the consensus at an event in New York. (Xinhua)

Noting that China and the United States have "highly complementary economic structures and deeply intertwined interests," Qin Gang stresses that "win-win cooperation is our only right choice."

NEW YORK, Feb. 24 (Xinhua) -- Closer economic cooperation between the United States and China is not only crucial but also mutually beneficial as the world's two largest economies are highly interdependent, business leaders, diplomats and officials have said.

"China-U.S. economic and trade relations are win-win in nature," Chinese Ambassador to the United States Qin Gang said in his video remarks to the annual New Year gala of the China General Chamber of Commerce -- USA (CGCC-USA) held here on Tuesday evening.

Chinese Ambassador to the United States Qin Gang delivers a video speech during the annual New Year gala of the China General Chamber of Commerce-USA (CGCC-USA) in New York, the United States, Feb. 22. 2022. (Xinhua/Wang Ying)

Noting that China and the United States have "highly complementary economic structures and deeply intertwined interests," Qin stressed that "win-win cooperation is our only right choice."

"We have broad common interests and great potential for cooperation, especially in trade," said the Chinese diplomat.

Qin called on the business community to continue to serve as a "bridge and bond" between the two countries, to cultivate an objective and rational view of both sides, and tell the story of cooperation.

Evan Greenberg, chairman and chief executive officer (CEO) of the insurance company Chubb Limited, speaks during the annual New Year gala of the China General Chamber of Commerce-USA (CGCC-USA) in New York, the United States, Feb. 22. 2022. (Xinhua/Wang Ying)

"Our two nations have deep and longstanding inter-dependencies," said Evan Greenberg, chairman and chief executive officer (CEO) of the insurance company Chubb Limited.

"Two-way trade and investment between the United States and China are strategically important, and in the interest of both our countries," Greenberg noted, who also serves on the board of the National Committee on U.S.-China Relations, and the U.S.-China Business Council.

The American business executive believes that it should be a priority for governments and private sectors in the two countries to advance productive economic relations, which will benefit both sides.

New York Governor Kathy Hochul speaks during the annual New Year gala of the China General Chamber of Commerce-USA (CGCC-USA) in New York, the United States, Feb. 22. 2022. (Xinhua/Wang Ying)

During the event, Guan Linhua, CEO at Surge Energy America, a Texas-based production and exploration company, told Xinhua that China and the United States are quite complementary in the energy sector and enjoy great potential for cooperation.

Calling China and the United States as "amazing partners," New York Governor Kathy Hochul said in her address that it is vital that "we continue to work together collaboratively and our people are joined together in a common vision of giving people a better life."

As many speakers at the event suggested, the two countries should enhance collaborations and mutual understanding while managing differences through candid communication and dialogue.

Ray Dalio, founder of Bridgewater Associates, speaks during the annual New Year gala of the China General Chamber of Commerce-USA (CGCC-USA) in New York, the United States, Feb. 22. 2022. (Xinhua/Wang Ying)

Saddened by the recent years' strains and misunderstandings in the bilateral ties, Ray Dalio, a renowned American investor and founder of Bridgewater Associates, called on joint efforts to promote mutual understanding and improve U.S.-China relationships.

"It is incumbent upon all of us in both the public and the private sector to continue to reach for greater people-to-people interaction between us," Greenberg said.