Full text of Chinese vice premier's signed article published in U.S. newspaper (2)

The huge difference between conditions in both nations means that people in each one will naturally see things from different perspectives. When they perceive that the countries' interests do not coincide, friction is inevitable. The only way to resolve such disagreements is to enhance communication, deepen mutual understanding and promote mutual trust.

That is why economic dialogue between the governments is needed. Since the first round of the Strategic Economic Dialogue in 2006, bilateral trade has surged to about $500 billion last year, from $267.6 billion. This shows that China and the U.S. are closely connected, and that neither country can thrive without the other.

It is China's basic state policy to open wider to the outside world. By learning from the successful experience of the U.S. and other countries, China has unleashed the immense potential of a market with 1.3 billion people. Over the past five years, China's consumption as a share of its GDP shot up to 51.8% from 39.6%, and the share of its service sector rose to 44.6% from 41.9% of GDP. Its current account surplus has dropped to 2.3% of GDP from 10.1%. In the coming five years, China's growth will generate more business opportunities for the U.S. and the world at large. China-U.S. economic cooperation and trade has great prospects.

At present, with the global economic recovery remaining unsteady and unbalanced, both nations face challenges as well as opportunities. China is the largest developing country in the world, and the U.S. is the largest developed one. Economic cooperation and trade will benefit our two peoples and contribute to global economic recovery and growth. Building a new model of a major-country relationship based on mutual respect and win-win cooperation is the consensus aim of our two governments and peoples. A bright future awaits China-U.S. relations if we join hands and work together.

Mr. Wang is vice premier of the state council in the People's Republic of China.

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