Chinese Vice President Wang Qishan underscored the importance of China-U.S. relations on world prosperity and stability, and stressed mutual respect and cooperation to promote healthy and stable development of bilateral relations. 

Wang made the remarks when he met with U.S. representatives attending the 12th China-U.S. CEO and former senior officials' dialogue via video link on Friday.

Wang said the development of bilateral trade and economy have demonstrated the fact of complementary advantages, mutual benefits and win-win results since China and the United States established diplomatic ties more than 40 years ago. 

Wang said in the last 50 years since Henry Kissinger visit to the country, China and the United States, two countries that are so different in their social systems, development stages, value systems and culture, have benefited from cooperation in spite of frictions, disputes and differences. 

Facts have shown that cooperation and common interests outweigh conflicts and differences between China and the United States, he added. 

In the long term, the two countries still face competition in many areas, and there are contradictions and common interests between the two sides, Wang said.

The key to promoting a healthy and stable development of bilateral relations is to champion the spirit of non-conflict, non-confrontation, mutual respect and win-win cooperation, focus on cooperation and manage differences, Wang said. 

U.S. representatives said the two countries should meet halfway and look for the largest possible common ground on cooperation to guarantee a healthy and stable development of bilateral relations. They said the U.S. business community will continue to actively promote dialogue and communication between the new U.S. government and China.