Opening-up a 'blessing' to US, think tank says

Innovation and cooperation 'next steps' for increasing prosperity of middle-class people

The world will benefit from more open markets and a fastgrowing Chinese middle class, according to economists and technology experts.

"It's very obvious that China's further opening-up is a blessing to US producers and the basis for expanded US manufacturing, plus potential infrastructure deals in the US between the US and China," said Michael Steger, West Coast spokesman for the Schiller Institute, a global political and economic think tank with headquarters in Germany and the US. "The same goes for the rest of the world."