Investments sign of deepening integration

US SECRETARY OF State John Kerry and his wife Teresa Heinz have reportedly invested in 12 Chinese companies, including the 5100 Water Resources Co Ltd in Tibet. Beijing News commented on Wednesday:

The investments should not be over-interpreted, as Kerry is not a direct beneficiary of the investments, which were made by trusts of his wife's family, and his wife exercises no control over the investment decisions made by the independent trustees, according to a US State Department spokesperson.

In fact, similar trade and investment exchanges between China and the United States will become more frequent, as they now serve as an essential link in the bilateral ties, thanks to the rise of China in recent years. China replaced Canada as the US' largest trade partner last year, despite their increasing geopolitical frictions in the South China Sea.