Economic cooperation between China and the United States is expected to strengthen and help contain prolonged trade tension as cooperation is in line with the interests of both sides and China keeps advancing high-level opening-up efforts, experts said.

Huo Jianguo, former president of the Ministry of Commerce's Chinese Academy of International Trade and Economic Cooperation, said he expected the bilateral relationship "will likely develop into the scenario of cooperative competition".

Given the complexity surrounding Sino-US trade and economic issues, Huo told a sub-forum of the 85th International Forum on China Reform in Haikou on Saturday it was more relevant to "manage and contain" bilateral frictions than completely resolve them, and seek to direct the bilateral relationship toward "cooperative competition".

Under the scenario of cooperative competition, the two countries would cooperate in many areas with common interests while competing in others, and bilateral trade and economic frictions might flare up and then cool down from time to time, he said.

This contrasted with the other possible scenario-"confrontational competition", in which economic conflicts continuously escalated and spread into more areas.

With more than 42,000 square meters, IFS China 2020 will assemble over 800 exhibitors, which are well-known fastener enterprises in the world, covering machinery manufacturing, automotive, new energy resources, aerospace, shipbuilding, petrochemical, IT, electronics, infrastructure and other application industries.

With the promotion of "China intelligent manufacturing" and "The Belt and Road", the global fastener market will increase substantially in the next few years.  Fastener Expo Shanghai shall be fulfilling with your participation.

 Join us on June 22 -24, 2020 at Shanghai World Expo Exhibition & Convention Center!