China and the United States concluded their first strategic economic dialogue Friday in Beijing with "a number of consensus" reached.
Both sides have agreed to solve differences based on mutual respect.
The second dialogue will be held in Washington in May next year.
CRI's Yixiu has more.
 REPORTER: The strategic economic dialogue between China and the US is the highest-level discussion between economic bodies from the two nations.
During the two-day event, the two countries held in-depth discussions on long-term strategic issues in trade, investment, energy, the environment and sustainable development.
Chinese Vice Premier Wu Yi speaks highly of the talks.
“Secretary Paulson and I as well as ministers of the Chinese and US delegations all think that the first economic strategic dialogue is a great success. It will benefit the further development of Sino-US economic and trade ties and the constructive partnership between the two nations.”
Speaking at a joint briefing, China's Minister of Finance Jin Renqing says the two sides have held some effective and deep discussions touching upon various economic issues.
"Both sides have reaffirmed their commitment to pursuing macroeconomic policies and promoting balanced and strong prosperity in the two nations, including China's exchange rate reform and the increase of savings’ rates in the US."
The two nations have also agreed to cooperate more closely to promote trade, open markets, protect the environment and develop cleaner energy sources.
US Treasury Secretary Henry Paulson also hails the dialogue as frank and fruitful.
"China and US have shared economic interests and we agree on many issues. When we disagree, we do so with mutual respect and with an eye toward finding agreements wherever possible. With that spirit, we conducted our discussions over the last couple of days."
Run Zongze, deputy director of the China Institute of International Studies, views the dialogue with significant meaning for the future of Sino-US relations, as it creates a platform for both countries to enhance mutual understanding and respect.
"The launch of the dialogue will be a milestone in the relationship between two nations. From now on, the bilateral relationship will be more promoted by long-term schemes established by the two nations themselves, rather than pushed by the third party."
The talks were launched by Chinese President Hu Jintao and his US counterpart George W. Bush in September as a way for both countries to boost economic ties.
Yixiu, CRI News
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