Commentary: Opening new chapter of China-U.S. dialogue

BEIJING, July 29 (Xinhua) -- The eye-catching first round of the China-U.S. Strategic and Economic Dialogue (S&ED), after yielding a series of positive results, concluded in Washington Tuesday.

The dialogue has opened a new chapter of the China-U.S. dialogue.

The dialogue mechanism is a result of an important consensus reached by Chinese President Hu Jintao and his U.S. counterpart Barack Obama during their meeting in London on April 1.

It is also a strategic measure to boost the China-U.S. mutually beneficial cooperation in various fields, and the healthy and stable development of China-U.S. ties in a new era.

The mechanism, a fruit of the 30-year-old China-U.S. relationship, reflects the inevitable tendency in the development of the Sino-U.S.relations and the world situation.

Over the past 30 years, the China-U.S. ties, especially in trade and economic fields, have constantly matured, creating an interdependent, win-win situation of common development.

After President Obama came into office, the bilateral ties have developed in a steady and healthy manner. Against the backdrop of the global financial crisis and the volatile international situation, it is in the interests of the two peoples and helpful for peace, stability and prosperity of the Asia-Pacific region and the whole world that both countries further promote their cooperative level on various bilateral and global issues.

The dialogue mechanism provides an important platform for both sides to further expand their communication and cooperation.

China and the United States, as the world's biggest developing and developed countries, share broader common interests and a cooperation foundation, and thus shoulder more important common responsibilities amid the current financial crisis.

In the dialogue, both sides made a positive evaluation of the bilateral ties, underlined the role of close high-level contacts and exchanges, agreed to expand military exchanges at various levels, and encouraged cultural exchanges and cooperation.