“Lossing way in the great mountains and cross rivers, it is great happy to find a new village through the trees shadows and bright flowers.” this is a famous poem by Lu You, a famous Chinese poet who lived around 1000 years before in Song Dynasty, but it is quite available to describe the current trade relations between China and America. After seven rounds of talks, China and the United States of America on November 8 signed a three- year communique on textile trade, imposing quotas on Chinese textile products but clearing a major obstacle to bilateral trade. After the signing of the communique, China’s Ministry of Commerce said on its website that the agreement is in line with the common interests of companies in both countries. “Lossing way in the great mountains and cross rivers, it is great happy to find a new village through the trees shadows and bright flowers. ” This is a famous poem by Lu You, a famous Chinese poet who lived around 1000 years before in Song Dynasty, but it is quite available to describe the current trade relations between China and America. After seven rounds of talks, China and the United States of America on November 8 signed a three- year communique on textile trade, imposing quotas on Chinese textile products but clearing a major obstacle to bilateral trade. After the signing of the communique, China’s Ministry of Commerce said on its website that the agreement is in line with the common interests of companies in both countries.