This mechanism shows that the two sides are working together to build a relationship of all-around cooperation oriented toward the 21st century.

The establishment of the S&ED mechanism has also laid a solid foundation for the two sides to deepen mutual understanding, expand common ground, narrow differences, improve mutual trust and promote cooperation.

US Secretary of State Hillary Rodham Clinton delivers the closing statement of the first round of the China-US Strategic and Economic Dialogue in Washington D.C., capital of the United States, July 28, 2009. The first round of the China-US Strategic and Economic Dialogue was concluded on Tuesday.[Shen Hong/Xinhua]

During the two-day dialogue, officials from the two governments listened carefully to each other's concerns, conducted close contacts and jointly responded to reporters.

In this high-level, large-scale interactive process, officials from the two governments have expanded contacts and deepened communication, which will help the two sides come to terms and accumulate consensus on a series of important bilateral and global affairs.

The S&ED, together with other bilateral mechanisms, will jointly push forward the development of the China-US relations.

Chinese Vice Premier Wang Qishan delivers the closing statement of the first round of the China-US Strategic and Economic Dialogue in Washington D.C., capital of the United States, July 28, 2009. The first round of the China-US Strategic and Economic Dialogue was concluded on Tuesday.[Shen Hong/Xinhua]

Such relations are one of the most important bilateral ties in the world. In the future, China and the United States need to resolve a series of bilateral and global issues through cooperation.

Based on the success of the first round of the strategic and economic dialogue, the two sides should further boost the development of the bilateral ties, take more substantial and fruitful steps, and continue to write new chapters for their cooperation.