US Chinese Cooperation the Only Choice

Chinese President Xi Jinping told Donald Trump in their first conversation that cooperation was the only correct choice for ties between the world’s two largest economies, with the U.S. president-elect promising “one of the strongest relationships.”

Xi told Trump by telephone Monday that the two powers benefited from working together and needed to coordinate efforts to promote global economic growth, state broadcaster China Central Television reported. The pair agreed to meet soon, CCTV said.

“China and the U.S. — as the world’s biggest developing country and the biggest developed country, and the top two global economies — need to and can cooperate on many issues,” Xi said, according to CCTV. “At this moment, there is an important opportunity and massive potential for China-U.S. cooperation so that both sides need to strengthen coordination.”

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Craig Erlam
Based in London, England, Craig Erlam joined OANDA in 2015 as a Market Analyst. With more than five years' experience as a financial market analyst and trader, he focuses on both fundamental and technical analysis while conducting macroeconomic commentary. He has been published by The Financial Times, Reuters, the BBC and The Telegraph, and he also appears regularly as a guest commentator on Bloomberg TV, CNBC, FOX Business and BNN. Craig holds a full membership to the Society of Technical Analysts and he is recognized as a Certified Financial Technician by the International Federation of Technical Analysts.