The United States and China will cooperate and build "closer economic ties" through dialogues, the US Treasury Secretary Timothy Geithner said on Monday.
China and the United States need to build closer economic ties against the backdrop of changing global economic outlook, according to economic policy makers of the two sides on Monday.
American companies are losing business opportunities and market share in China because of the export control policy against China
Many American firms have lost business opportunities and market share in China as a result of US government imposing control on high-tech exports to China.
Chinese Vice Premier Wang Qishan said on Monday that China and the United States share a lot of common interests and the bilateral ties are important to the world.Special Coverage
Chinese companies are expanding in many industries globally, with US a most popular destination.
When Chinese President Hu Jintao visited the United States in January, he called on the governments of the two countries to "ascend a height to enjoy a distant view" in dealing with Sino-US relations.
Coca-Cola Company has invested more than $1.3 billion in the Chinese market, with an additional $2 billion in the pipeline.
Many US politicians claim that cheap products imported from China have squeezed many US citizens out of jobs, but industry analysts say the truth may be just the opposite.
China will probably continue to cut its holdings of US treasury bonds in the next couple of months to diversify its huge foreign exchange reserve, analysts say.
Concrete results and fair treatment are the most important requirements for a successful third round of the China-US Strategic and Economic Dialogue