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Commentary: China-U.S. common role, shared interests unchanged

By Zhou Yan, Gui Tao and Li Yunlu (Xinhua)

17:12, November 13, 2012

BEIJING, Nov. 13 (Xinhua) -- The world's eyes are fixed on China.

The country is undergoing a leadership transition which comes just one week after Barack Obama's re-election as U.S. President.

The political events in the world's two biggest economies will undoubtedly have a global impact, as China and the U.S. have a common role to play in maintaining regional and global peace and prosperity.

They also share interests in seeking their own growth while helping to re-balance the global economy against the backdrop of an international financial crisis.

The ongoing 18th National Congress of the Communist Party of China (CPC) will elect a new generation of leaders. Most of them were born and brought up after New China was founded in 1949.

In eight years, they are expected to lead China to achieve the goal of "building a moderately prosperous society in all respects", maintain stable and sustained economic growth, reduce income gap and improve people's lives.

By 2020, China will double its 2010 GDP and per capita income for both urban and rural residents.

Meanwhile, the country is determined to sustain its growth, taking into consideration energy and resource consumption, combating climate change, reducing the pressure on the environment while increasing productivity and efficiency.

China, by successfully restructuring its economy and relying more on domestic consumption and technological advancement to sustain stronger growth, will help re-balance the world economy. Its development will help cushion the impact of the global economic downfall.

China's sustained economic growth will close the gap with the U.S., which is struggling with a domestic economic downturn and growing pressures on the job market.

Will China's rise trigger more anti-China sentiments in the world's largest economy and cloud bilateral ties?

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