"One of the most important relationships we must improve is our relationship with China," Trump said at a public meeting in Iowa on Thursday.
However, he also accused China of being a manipulative economy.
"The nation of China is responsible for almost half of America's trade deficit. China is not a market economy. They have got a lot of help and that is why we designate them a non-market economy," Trump said.
"You have the massive theft of intellectual property, putting unfair taxes on our companies. Not helping with the menace of North Korea like they should and at will and massive devaluation of their currency and product dumping," he said.
"Other than that, they have been wonderful, right?" he said. Trump has picked Iowa Governor Terry Branstad as his next Ambassador to China.
Trump said that Branstad has been on six trade missions to China and is highly respected by all the Chinese officials. He is also a native of Iowa.
"I know we will succeed in bringing our jobs back and I also know that China who has been so tough and so competitive...But I will tell you what, we're going to have mutual respect," Trump said.
Trump said that he desires to see Apple and other companies to start building plants in the US.
"That is what I want to see. Big plants. Their biggest plants. Ethics reform will be a crucial part of our 100 day plan as well. We are going to drain the swamp of corruption in Washington DC," the 70-year-old President elect said.
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