The reason for such rapid growth in China-US trade is, in the final analysis, the high degree to which the economies complement each other. This neat fit, to a large extent, stems from their differences in economic resources, economic structures and consumption levels. China is the world's largest developing country with a huge market, fast development and low labor costs, but short of capital and relatively backward in technology and management skills. On the other hand, the US is the world's largest developed country, big in economic size, with abundant capital, and advanced in science and technology. But the cost of labor in the US is high. These diverse yet interlocking qualities will remain for a long time, and are likely to feature more prominently in the ongoing economic globalization. This, in my view, is the material basis for the sustained and rapid expansion of China-US trade.