As the 21st session of the China-US Joint Commission on Commerce and Trade (JCCT) started in Washington on Tuesday, experts predict that the high-level dialogue between the two nations will further improve their economic ties and address issues of mutual concern.

Collaboration between the world's largest developed economy and the largest developing country is of critical importance not only to the two nations' businesses and people, but also to the global economic recovery.

Figures from China's Ministry of Commerce show that China and the United States are the second largest trade partner of each other. During the period from January to September this year, bilateral trade value surged 31.5 percent, surpassing the level before the financial crisis.