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US Chamber of Commerce sets $1 trln goals for China
(Xinhua)
Updated: 2009-01-16 21:17

BEIJING - The American Chamber of Commerce in China (AmCham-China) Friday announced three goals to strengthen Sino-US economic ties to be met by 2039.

John Watkins, chairman of AmCham-China, said the goals each set at US$1 trillion a year were: US exports to China; sales of US companies in China; and investment of Chinese companies in the US.

The US government welcomed the three goals, he said.

Bilateral trade was valued at US$333.7 billion in 2008, about 120 times that of 30 years ago.

The two nations mark 30 years of diplomatic ties this year.

AmCham-China is a non-profit organization that represents US companies and individuals doing business in China.

The AmCham-China's membership comprises more than 2,700 individuals from over 1,200 companies.