China's economic growth positive over medium, longer term, says U.S. business leader

China's economic growth has seen positive signals over the medium and longer term, a U.S. business leader has said.

"I think that there's much to be positive about over the medium and the longer term," and that cyclical issues unfolding now are being addressed by the Chinese government, Craig Allen, president of the U.S.-China Business Council (USCBC), told Xinhua in a recent interview in Washington D.C.

The U.S. business leader observed many "really exciting" growth areas in the Chinese market, which U.S. companies are pleased to explore with their Chinese partners across various sectors.

He mentioned that the USCBC's member companies are confident in the long-term development of the Chinese market and have made substantial investments in China, hoping to contribute to its long-term economic growth.

"We're bullish about the future. We want to be a good partner to our Chinese corporate partners and to Chinese consumers," said Allen.

"We're in China for the long term. We're deeply invested in China, and we wish to contribute to China's long-term sustainable economic growth. And in doing so, that will benefit U.S.-China relations in a very significant manner," said Allen.