A Forum on Development of Sino-U.S. Trade Relations was held at the University of International Business and Economics (UIBE) Oct. 25-26.

Under the theme of "40th Anniversary of Establishment of China-U.S. Diplomatic Relations -- Retrospect and Prospect of Sino-U.S. Trade Relations," the forum also served as the annual academic meeting of the China Association of US Economic Research, acting as forum host.

The meeting, organized by UIBE's Academy of China Open Economy Studies and Beijing Open Economy Research Institute, brought together over 200 experts and scholars from renowned universities, research institutions and the financial sector in China, as well as teachers and students from the UIBE.

UIBE President Xia Wenbin pointed out in his keynote speech at the opening ceremony that changes in the global economic environment in the 21st century posed new challenges to the Sino-U.S. trade relationship, requiring wisdom from all parties to jointly safeguard previous gains.

Xia hoped the experts and scholars present could fully exchange views on important topics including the new normal of Sino-U.S. trade relations and the root causes of their current trade dispute, so as to provide more constructive advices to jointly resolve conflict and promote the long-term development of a healthy bilateral relationship.

On the afternoon of Oct. 26, seven sub-forums were held. Experts and scholars carried out heated discussions on topics such as the global value chain and competition pattern, technical innovation and cross-border investment, trade frictions and financial risks, and international coordination and response mechanisms.