Second, seize opportunities and take innovative steps to build a new pattern of mutually beneficial economic cooperation. Both China and the United States are advancing economic restructuring, increasing inputs in environmental protection, new energy and technological innovation, and promoting the development of health, education and other social programs. All this presents new opportunities for us to foster new areas of economic cooperation. China wants to work with the United States to forge a framework of broader and stronger economic cooperation. We can carry out fiscal, financial, and business cooperation on a larger scale, expand exchanges and cooperation in energy, the environment, agriculture, health and other fields, and broaden cooperation in new areas such as aviation and space, infrastructure and smart power grids. In this way, we will make our business ties even stronger and create more jobs and wealth for our peoples.

Third, intensify communication and consultation and deepen coordination and cooperation in addressing global challenges and international and regional hotspot issues. China and the United States should pursue global cooperation as partners to fulfill common responsibilities and meet common challenges. We should enhance consultation and coordination on global issues such as the Doha Round negotiations, climate change, energy and resources security, food security and public health security through bilateral and multilateral channels, maintain dialogue and exchanges on regional security, regional cooperation and hotspot issues, and work together for a more equitable, just, inclusive and better-managed international system. We should stay committed to promoting peace, stability and prosperity in the Asia-Pacific region, engage in open and inclusive regional cooperation, and turn the Asia Pacific into an important region where China and the United States work closely with each other on the basis of mutual respect.

Fourth, deepen friendship, be forward-looking, and vigorously promote friendly exchanges between various sectors of our two countries. The development of China-U.S. relations, in the final analysis, hinges on the broad support and active involvement of people from all walks of life in the two countries. We should draw up a good plan for our exchanges and cooperation in culture, education, science and technology and other fields, and encourage more dialogue and exchanges between the legislatures, local authorities, business communities, academic institutions, media organizations and other sectors so that more and more people will become supporters of stronger China-U.S. relations and get actively involved in this worthy cause. We need to put in extra efforts to boost exchanges between our young people and carry out diverse forms of youth exchange to ensure that the younger generation will carry forward China-U.S. friendship.

Fifth, treat each other with respect and as equals, and handle major, sensitive issues in a proper manner. A review of the history of our relations tells us that China-U.S. relations will enjoy smooth and steady growth when the two countries handle well issues involving each other's major interests. Otherwise, our relations will suffer constant trouble or even tension. Taiwan and Tibet-related issues concern China's sovereignty and territorial integrity, and they represent China's core interests. They touch upon the national sentiments of the 1.3 billion Chinese. We hope that the U.S. side will honor its commitments and work with us to preserve the hard-won progress of our relations.

China and the United States are different in history, culture, social system and development level. It is thus only normal that we have some disagreements and frictions. We should view and handle bilateral relations from a strategic and long-term perspective and with a sense of responsibility to history and to the future. We should prevent our relations from being affected or held back by any individual incident at any particular time. We should increase mutual trust, remove obstacles and work together to build a China-U.S. cooperative partnership based on mutual respect and mutual benefit.

Ladies and gentlemen,

The first decade of the 21st century has just passed. It is a decade when China made remarkable achievements in its reform and development endeavor and its relations with the rest of the world notably strengthened. The Chinese economy grew at an average annual rate of around 11 percent. And the Chinese people's livelihood markedly improved. During these 10 years, China imported $687 billion worth of goods on average every year and created more than 14 million jobs in the relevant countries and regions. China joined the international community in an active effort to counter the international financial crisis, advance the reform of the international economic system, and promote the peaceful settlement of international disputes and hotspot issues. China took active part in the international cooperation in addressing global issues and worked with countries around the world to safeguard world peace and promote common development.

Despite the remarkable achievements in China's development, we are keenly aware that China is still the largest developing country in the world. We still have a long way to go before we can achieve our national development goals. Development holds the key to resolve all problems in China, and we must pursue scientific development that puts people first and emphasizes comprehensive, coordinated and sustainable development. We need to adopt a more holistic approach to development and attach greater importance to ensuring and improving people's well-being and promoting social equity and justice. China has set out the guiding principles, strategic objectives and major tasks for economic and social development in the coming five years. We will continue to deepen reform and opening-up, advance economic, political, cultural and social restructuring in an all-round way, and improve the socialist market economy. We will develop socialist democracy and build a socialist country under the rule of law. We will work for vigorous cultural development and prosperity, enhance social harmony and improve our open economy in all respects. Through these efforts, we will make continuous progress in our endeavor to build a prosperous, strong, democratic, culturally advanced and harmonious modern socialist country.

We will stick to the basic state policy of opening to the outside world and follow a win-win strategy of opening-up. We will continue to advance China's interests in the broader context of the common interests of the international community, and expand and deepen the converging interests with others. We welcome the participation of other countries in China's development to share our development opportunities. And we will explore new areas and space for opening-up and contribute to the common development of the region and the world through our development.

We will remain committed to the path of peaceful development, continue to strive for a peaceful international environment to develop ourselves, and uphold and promote world peace through our own development. China stands for peaceful settlement of international disputes and hotspot issues, and we follow a national defense policy that is defensive in nature. We do not engage in an arms race or pose a military threat to any country. China will never seek hegemony or pursue an expansionist policy.

Ladies and gentlemen,

To advance the sustained, sound and steady development of China-U.S. relations serves the fundamental interests of our two peoples. It is also conducive to world peace and development. Working together hand in hand, we will build a China-U.S. cooperative partnership based on mutual respect and mutual benefit and deliver greater benefits to the people of our two countries and the world over.

Thank you.

Source: http://news.xinhuanet.com