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China, US move to enhance mutual trust at annual S&ED
Last Updated:2013-07-11 09:10 | CE.cn
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By Li Hongmei

 

China's rise is good for the US and the world, US Vice President Joe Biden said at the opening of the annual Strategic and Economic Dialogue between the two world powers yesterday.

In the two-day dialogue, cabinet-level officials will review security and economic issues that reflect growing ties but also deep-seated differences between the two countries.

Biden noted that the two countries have their disagreements. "But if we are straight forward, clear, and predictable with one other, we can find solutions that work for both of us."

Biden, Secretary of State John Kerry and Treasury Secretary Jacob Lew are leading the US side, which includes more than a dozen government agency heads. A similarly heavyweight Chinese delegation is led by Vice Premier Wang Yang and State Councilor Yang Jiechi.

The US and Chinese economies are increasingly interconnected. Dialogue is better than confrontation and is important for both countries, Wang Yang said.

The fifth round of talks now stands at a new starting point as the two nations have both entered a new era of development and come together to explore a new type of relations between major countries, Yang said.

The dialogue is critical to generating practical cooperation on issues across the bilateral relationship and a place where the two nations can make real progress, Lew added.

Highlighting that the first strategic and economic dialogue was really a "landmark event," John Kerry said, "with each passing year, we've been able to build on this dialogue. And now, I think, we've made it the key mechanism for managing cooperation and competition between our countries."

China and the United States have been holding the annual talks since 2009, as a major channel of communication to enhance mutual trust, boost cooperation and properly handle differences.

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