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NEW YORK, Feb. 15 (Xinhua) -- The U.S. government's recent tough measures on trade have raised concerns over China-U.S. economic ties, but analysts on both sides of the Pacific say the world's two largest economies have better choices.

The HKSAR government's Financial Secretary Paul Chan said the free market principles have long been the cornerstones of Hong Kong's economic prosperity and international competitiveness and Hong Kong's steadfast commitment in upholding the free market principles in Hong Kong is again affirmed internationally.

"Over the past few years, I have met with Mr. Prime Minister for many times to determine that China and India will build a closer developmental partnership to make great headway in bilateral cooperation in a variety of areas," he said.

The big market has attracted foreign brands. World famous equipment manufacturers such as John Deere and AGCO from the United States and Italy's SDF Group are frequent visitors of machinery exhibitions and agricultural fairs held in China.

Li agreed that there are numerous opportunities for cooperation, citing the example of a company whose representative are here in Serbia today, looking to establish cooperation in the area of agriculture, specifically for the cultivation and processing of Chinese medicinal herbs here in Serbia.