Cooperation best way for China-US trade ties

Only cooperation will pave the way to prosperity for China, the United States and the global economy, experts said after the US announced a plan to exempt tariffs on some Chinese imports meeting certain criteria.

Sang Baichuan, director of the Institute of International Business at the University of International Business and Economics, said China and the US have complementary economic and trade relations, and a lot of companies from both countries have fostered partnerships.

"Cooperation, instead of confrontation, can help the world's two largest economies to get their economic ties back on track," Sang said. "It's hoped that both countries can make enhanced efforts to address the yearlong trade disputes. "