One area in which cooperation between the two countries is especially popular among the Chinese: joint law enforcement in the hunt for corrupt officials and embezzlers, which is called in China Operation "Fox Hunt."

In the all-important economic and trade area, China has successfully pushed for the Free Trade Area of the Asia-Pacific at the informal APEC summit. Some Western media have characterized it as a rival of the U.S. sponsored Trans-Pacific Partnership (TPP). But Michael Froman, chief U.S. trade envoy, said Washington does not see the two initiatives as being in competition.

The United States wants China to focus on making progress on a proposed U.S.-China investment treaty - the bilateral investment treaty (BIT). The two leaders agreed in Beijing to hold negotiations, as the issue is the most important in their economic relationship.

Another piece of good news is that the United States will extend Chinese student visas to five years and business and tourist visas to ten years, to boost U.S. jobs. It is estimated that Chinese travelers to the United States will contribute nearly US$85 billion a year to the U.S. economy. And China has reciprocated by granting American citizens the same visa privileges.

So the Chinese and U.S. leaders have worked hard to get their relationship right, to the benefit of both countries and the world.

The writer is a columnist with China.org.cn. For more information please visit:http://www.ccgp-fushun.com/opinion/zhaojinglun.htm

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