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BEIJING, Oct. 25 (Xinhua) -- The Communist Party of China (CPC) will convene the fifth plenary session of its 18th Central Committee to outline the 13th Five-Year Plan (2016-2020) for national development on Monday, with extraordinary achievements in the 12th plan period (2011-2015).

Analysts noted that the foundation for China and the United States to build the new type of major country relationship is increasingly being consolidated as trade relations between the two countries are expanding and deepening.

China is expected to achieve an average GDP growth of 7.8 percent from 2011 to 2015, much higher than the global average rate of 2.5 percent. It has become the second economy valuing more than 10 trillion U.S. dollars and contributes to more than one quarter of global economic growth.

"Though there are disagreements between China and Britain, both countries can learn to manage them. As long as Britain adheres to the consensus reached with China, the differences won't affect bilateral cooperation," said Cui Hongjian, a researcher at the China Institute of International Studies.

China and the United States account for one third of the world economy, one fourth of the global population, and one fifth of global trade.