Chinese State Councilor Tang Jiaxuan called for a sound and steady growth of China-US economic and trade cooperation in an address on Wednesday at the National Committee on US-China Relations and US-China Business Council.

As to trade friction, the two sides should stick to the principle of long-term development, work out the problems through equal-footed consultations and strive for a win-win result, Tang said.

"The Chinese side attaches importance to American concerns about trade imbalances, IPR protection and others, has taken and will continue to take effective steps to address them gradually," Tang said, adding that China is not after prolonged surplus in trade with the United States and will continue to make good on its WTO accession commitments.

Tang said that both China and the United States should take efforts to address their economic and trade friction.

"We hope that the US side will recognize China's full market economy status, lift restrictions on commodity and technology exports to China and correct the wrong practices of trade protectionism," he said.

What is more, China and the United States should explore new areas of cooperation, such as cooperation in the research, development and application of clean and alternative energy sources and the construction of nuclear power plants, Tang said.

Source: Xinhua