Resolving US-China trade dispute vital to global growth: trade watchers

Craig Allen, president of the US-China Business Council, also noticed the significance of a sustainable US-China collaboration to the world economy. "If we do not cooperate, the rest of the world is going to suffer and we'll all suffer," Allen told Xinhua. "We have to find a way for better cooperation," given the fact that the United States and China together account for about 40 percent of the global economy, he noted.