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ADDIS ABABA, April 22 (Xinhua) -- China will further enhance peace and security cooperation with the AU, the Chinese ambassador to the AU said on Sunday.

Such cooperation is a win-win choice as it can promote the high-quality development of the Chinese economy, meet the people's needs, and contribute to the U.S. effort to reduce its trade deficit, he added.

"There is no winner in trade conflict, which will not only affect the recovery of the world economy but also the global industrial chain," he said, adding that solutions can only be found when both sides sit down for dialogue.

During Chinese President Xi Jinping's visit to Indonesia in 2013, the two sides charted a course for the development of bilateral relations, which have embarked on a fast lane of growth, Li said. "Business cooperation has been the most vibrant and productive component of overall relations."

Jovanovic is the founder of the Belgrade Forum for a World of Equals and the Silk Road Connectivity Research Center, two think tanks.