As partners, China and the U.S. have common interests in many areas and have great potential for cooperation, said State Councilor Dai Bingguo, adding that their enhanced cooperation can not only bring about tangible benefits to both countries, but is also conducive to world peace, stability and prosperity. Dai made the remarks at the strategic talks held within the framework of the fourth round of China-U.S. Strategic and Economic Dialogue on May 4, 2012.

Dai said that Sino-U.S. cooperation should not only reflect the features of partnership, but also the requirement of building a new type of relations between major countries. The Sino-U.S. cooperative partnership should be built on the basis of mutual respect and mutual benefit and bilateral cooperation should reflect the spirit of mutual respect and win-win outcome. In the context of globalization, China and the United States have become interdependent with more and more converging interests in many areas. Both sides should respect each other and take care of each other's concerns, as a win-win situation is in the interest of both sides.

Dai stressed that China-U.S. cooperation should neither stop moving forward in favorable circumstances, nor be discouraged by setbacks. Both sides should reinforce common interests through cooperation and properly handle differences and frictions in a cooperative way. To this end, Dai raised proposals in the following aspects. Fist, Sino-U.S. cooperation should serve the goal of building a Sino-U.S. cooperative partnership. Second, the cooperation should reflect the requirement of building a new type of relations between major countries. Third, both sides should advance with the times, be open-minded and innovative and try to create new growth areas in bilateral cooperation. Fourth, the two sides should treat each other equally in the spirit of mutual understanding and accommodation, maintain timely and adequate communication, and maximize the common interests while minimizing conflicts and differences.