Firmly promote the Sino-US cooperative partnership

Two points are of crucial significance here. The first is that both countries should truly respect and not harm each other's core interests. With regard to issues concerning national sovereignty, unification and territorial integrity, both countries should not only show such respect in words, but in actions. This is the basic premise of building mutual trust. Only because of such spirit demonstrated in the Three Joint Communiqués starting from the Shanghai Communiqué as well as other important political documents between the two countries has China-US relationship achieved such great progress so far.

The second point is that both countries should develop a comprehensive, objective and realistic understanding of each other's strategic intention. As both are major powers, even trivial misjudgment of each other's strategic intention may bring about severe consequences. For that, we must stay on the constant alert.

Nowadays, many people in the US and around the world are closely watching China's steps on the road of peaceful development, which is very understandable. In fact, whether China has taken the road of peaceful development and whether it will be successful concerns the fundamental interests of the Chinese people in the first place. The road of peaceful development is a choice based on China's fundamental interests, its history and realistic conditions as well as the trends of the world. China's success in its reform and opening-up as well as economic and social development could not be possible if China had not taken this road more than 30 years ago. There is no need for China to change course, and neither it will. In this sense, the reason for China to enhance its national power and strengthen national defense is to get rid of the interferences and hindrances on its road of peaceful development, so that it can take bigger and more solid steps on this road.

It must be pointed out that the road of China's peaceful development does not only depend on its own efforts, but also needs understanding and support from the outside world. On this, the US's choice is of crucial importance.

In short, it is our hope that deeper mutual trust on these major issues between China and the US can produce richer fruits in their cooperation, which, in turn, is able to further promote their mutual trust. We expect this kind of virtuous cycle.

The second perplexity is whether China-US cooperation is mutually beneficial.

Actually, this should not have been a problem. Over the past 40 years since the Shanghai Communiqué was issued, with the normalization, and then the huge development of China-US relations, both China and the US have benefited greatly from their ever deepening partnership. Both share a better international environment and growing opportunities for their respective economic prosperity; both enjoy more favorable conditions in tackling global and regional issues; and both peoples are able to enjoy tangible benefits. Such are all indisputable facts.

Much discussion centers on China-US economic relationship today. Some think that, in that relationship, one is taking advantage over the other, which is definitely not true. China's development does need capital, technologies and advanced management experience from the outside world, and China needs to enter the international market and more deeply engage itself with the international economic, trade and financial systems. We fully acknowledge the positive role the US has played in this regard. Meanwhile, it should be noted that China's opening-up has brought many precious investment opportunities and bigger markets for the US, contributing to the global competitiveness of US enterprises and benefiting US consumers as well. With China's participation, the international economic, trade and financial systems have grown to be more extensive and efficient. Given its status in those systems, the US should have stronger feeling than others about the benefits from this.

As to the imbalance of China-US trade, fair observation and sober actions are extremely important for us.

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