|Wang Yi: The China-US Relationship Has Reached a New Historical Juncture and Has a Direct Bearing on Where the World Is Going|
On January 20, 2020, State Councilor and Foreign Minister Wang Yi said at the 2020 New Year Reception of the Ministry of Foreign Affairs, the China-US relationship, which just saw its 40th anniversary, has reached a new historical juncture with notably increasing complexities and challenges. While resolutely safeguarding its legitimate rights and interests, China has conducted dialogue and consultations with the US on the basis of equality and mutual respect. The Phase One Trade Agreement thus concluded and signed serves the interests of both countries and peoples and was welcomed by the international community. Our relations with the Unites States, one between the world's largest developing and developed countries, have a direct bearing on where the world is going. The past 40 years of interactions have clearly shown that both sides stand to gain from cooperation and lose from confrontation. Both countries need to bear in mind the fundamental interests of the Chinese and American peoples and the common interests of countries around the world. On the basis of mutual respect, equal dialogue and managing differences while seeking common ground, we are ready to work with the US to advance China-US relations based on coordination, cooperation and stability.