The U.S. business community sees China as a vital trade partner and will "not endanger this partnership for anything," according to a U.S. business executive.
Aquiles Larrea, founder and CEO of Larrea Wealth Management based in New York, told China Global Television Network(CGTN) that the United States and China have mutual interests in maintaining a positive trade relationship due to the benefits it offers to both countries.
"Both countries are going to want to move in the same direction, because it's beneficial to them. Actually, it is a good trading partner for the most part. I would say that we've had an excellent relationship up until recently with them, because we get their goods and services at a cheaper price. And at the same time, they're getting the benefit. We're spending coming back to them and they also want some of our goods and services as well. The corporations here that are so big have these Chinese partnerships and they're not going to endanger that partnership for anything, president feeling or not president feeling," said Larrea.
At the same time, Larrea stressed that U.S. companies view Chinese counterparts as competitors, adding that maintaining competitiveness will ensure continued economic growth and development.
"I think we're definitely competing, because if you look at China, China has gone into Africa, China has gone into Central and South America, building infrastructure in those countries. I've seen they're building dams and waterways, expanding the infrastructure in certain countries. So they are absolutely a competitor and we have to keep up as American competitors. We are great under competition and so we see that as a challenge and we'll come in there and present the challenge of our own and create that core competition between the two countries. It's like having that competition is good, having that greed is good because it makes you sharp, keeps you focused and at the same time, everybody benefits," said Larrea.
US businesses prioritize China trade ties: business executive
