China hopes that the U.S. economy could recover as soon as possible because it is important to the whole world, Chinese Commerce Minister Chen Deming said Wednesday.

Chen was speaking at a press conference after the China-U.S. Joint Commission on Commerce and Trade held a meeting here Wednesday.

The U.S. economy is experiencing low growth and high unemployment, while China's economy also faces many difficulties, he said, adding that there are a lot of uncertainties in the global economy.

A rapidly growing U.S. economy will benefit the world economy, he noted.

According to Chinese Vice Premier Wang Qishan, who co-chaired Wednesday's meeting with U.S. Commerce Secretary Gary Locke and Trade Representative Ron Kirk, trade between China and the United States has been improving dramatically this year.

In the first 10 months of this year, the bilateral trade volume increased 30 percent year-on-year to 346.9 billion dollars.

The joint commission has since 1983 served as a platform for China and the United States to promote trade and address issues of mutual concern.

Seven bilateral agreements were signed at this year's joint commission meeting, including those on agriculture, energy and investment.