Yang Fan, a spokesperson for China Council for the Promotion of International Trade (CCPIT) Photo: CCPIT

Cooperation between China and the US aligns with the common interests of both nations and the global business community, a spokesperson for China's trade promotion agency said on Friday, when asked about the outlook for economic and trade relations following the latest round of trade talks in Kuala Lumpur and the meeting of the leaders of the two countries in Busan.

"Undoubtedly, head-of-state diplomacy plays an irreplaceable strategic guiding role in China-US relations," Yang Fan, spokesperson for the China Council for the Promotion of International Trade (CCPIT), said at a press conference on Friday.

The business communities of both countries are the main beneficiaries of bilateral economic and trade cooperation, having formed a community of shared interests for mutual benefit, said Yang.

Currently, the CCPIT is organizing a delegation of Chinese entrepreneurs to attend the APEC CEO Summit in Gyeongju, South Korea. "From what we understand, companies from both China and the US, as well as those from other participating countries, are closely following this leaders' meeting, giving positive evaluations of its outcomes, and looking forward to further strengthening exchanges and deepened cooperation to bring more certainty to China-US relations and global economic development," said Yang.

China-US business interactions have remained active throughout 2025, Yang noted, adding that the CCPIT has invited and received over 60 delegations of US institutions and business representatives so far this year. At the third China International Supply Chain Expo held this year, the number of US exhibitors increased by 15 percent compared to the previous edition in 2024, continuing to rank first among overseas exhibitors, with their exhibition space growing by 10 percent.

Many US-invested enterprises are actively participating in localized events that the CCPIT organized for foreign companies and have expressed clear investment intentions, the spokesperson said. "In the first nine months of this year, CCPIT's affiliated patent and trademark agencies handled over 7,000 patent and trademark applications in China for US applicants."

"From January to October this year, the CCPIT guided and organized over 3,500 Chinese companies to exhibit at more than 50 professional trade shows in the US, including CES and others, covering electronics, textiles and consumer goods, pharmaceutical ingredients, optoelectronics, building materials, energy storage and more, with a total exhibition area exceeding 48,000 square meters," said Yang.

Under the China-US Commercial Match-Making Program (CMP), jointly established by the CCPIT and the US Department of Commerce, the two sides have co-hosted over 100 events, serving nearly 3,000 companies and promoting practical cooperation in advanced manufacturing, rail transit, energy conservation and environmental protection, finance, automotive, and other fields, Yang said.

"In the near future, we will also hold high-level exchange events to mark the 20th anniversary of the CMP's implementation," said Yang. 

Looking ahead, the CCPIT will actively promote the outcomes of the leaders' meeting to benefit enterprises in both countries, build platforms and pave the way for expanded exchanges, help resolve business challenges, and contribute to the healthy, stable, and sustainable development of China-US economic and trade relations, Yang noted.

Analysts pointed out that many US businesses still maintain close cooperation with China or have plans to continue to expand in China. 

As one of the latest examples, Nvidia CEO Jensen Huang still hopes to sell chips from the company's Blackwell lineup to customers in China, Bloomberg reported on Friday.

On Thursday (US time), Apple CEO Tim Cook expressed confidence about the company's performance in China and the prospects for the new iPhone 17, as the company released its latest financial results.

Cook said that Apple's store traffic is up significantly in China, and that the latest smartphone generation has been well received. Cook noted that Apple reached a new high for September-quarter revenue from services in China and reiterated that the iPhone is doing very well, according to a Bloomberg report.

US coffee chain giant Starbucks on Thursday revealed its fourth-quarter financial report for fiscal year 2025 (ended September 28), noting that the Chinese market has maintained its positive momentum, according to a press release the company sent to the Global Times on Thursday.

The company's operating revenues in the Chinese market have risen over four consecutive quarters to $831.6 million, representing year-on-year growth of 6 percent, according to the press release.

The US electric carmaker Tesla released its financial results for the third quarter of 2025 on October 23, noting that its Shanghai Gigafactory continues to serve as the company's global export hub. The plant is also supporting its expansion in the Asia-Pacific market, according to a statement sent to the Global Times.

China's comprehensive industrial and supply chains, vast market opportunities, and favorable business ecosystem are key drivers for multinational growth, He Weiwen, a senior fellow at the Center for China and Globalization, told the Global Times, adding that "globalization for multinationals requires a foothold in China's massive market."

The expansion by US businesses in China shows confidence in the Chinese economy and long-term commitment to the domestic market, and it also highlights the country's continued opening-up, Li Yong, a senior research fellow at the China Association of International Trade, told the Global Times.