Bilateral trade 'likely to top $1 trillion' by 2024

Annual bilateral trade volume between China and the United States is expected to double by 2024, according to Commerce Minister Gao Hucheng.

Gao, in a column published in USA Today on Monday under the headline "China-US trade soars, benefitting both nations", wrote that "by 2024, the volume of bilateral trade is likely to surpass $1 trillion".

Sino-US commercial cooperation has broad prospects and enormous potential, and in the 36 years since China and the US established diplomatic ties, the two countries' commercial relations started from scratch and took off, he said.