US officials and experts positive on business cooperation opportunities with China

Craig Allen, President of the US-China Business Council, notes China has become a leading force in e-commerce, suggesting a number of US companies are now trying to follow Chinese companies' business models. "One of the things that many Americans don't recognize is that China has become one of the most innovative countries on earth. For example, in the payments area, China has developed some very interesting and ground-breaking technology. In the e-commerce area and online/offline, China is probably leading the world. American companies are watching this carefully, looking at the business models. Chinese companies are moving into the US and introducing some of those business models, and that's a very good thing. We are really marvel at the entrepreneurial dynamism coming out from places like Shenzhen, Hangzhou, Beijing or Shanghai. I think China is leading the world in many of those areas."