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Bilateral ties have entered a new phase that witnesses the fastest development with the most fruitful results in history, according to the commentary.

Hua pointed out that the U.S. is not a party involved in the South China Sea dispute and the South China Sea issue is not, and should not become, a problem between China and the U.S..

The two countries have promoted coordination between their respective national development strategies, and have maintained close communication and coordination on major international and regional issues, Xi noted.

Rising in southwest China's Yunnan Province and emptying into the sea at Shanghai, the Yangtze River Economic Belt involves nine provinces and two municipalities. It covers an area of 2.05 million square kilometers and accounts for more than 40 percent of the country's population and economic aggregate.

"All parties have a responsibility to maintain peace and stability on the peninsula," Hong said.