Experts say China, US have plenty to gain from closer cooperation

Some 97 percent of the US companies reported increased profitability in China in 2019, unchanged from last year, and the highest level in a decade, according to an annual survey conducted by the US-China Business Council (USCBC), a group with 220 US companies as its members. "It's very important for these companies' worldwide competitiveness to be in China and to be successful there," USCBC President Craig Allen said, adding that profits generated in China support and create jobs in the United States.