beset by more profound differences than any other bilateral relationship between major powers in the world today.

[China] must maintain a close relationship with the United States if its modernization efforts are to succeed, … Indeed, a cooperative partnership with Washington is of primary importance to Beijing.

Both China and the U.S. hope that bilateral relations can be stabilized and that a strategic dialogue can be set in motion,

Common interests will be stressed and differences can be narrowed.

China’s leaders realize the economy is growing very fast, which will have a great impact on world economies, but still see China as a very poor country, so are emphasizing domestic difficulties, obstacles and pitfalls.