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It is in the common interests of the Chinese and U.S. people to build a new model of major country relationship featuring no-conflict and no-confrontation, mutual respect, and win-win cooperation, said the president.

The medical team for humanitarian assistance and disaster relief operations arrived in Malaysia's Subang Airport on Wednesday by Chinese military aircraft.

In 1993, the economic size of the State of California alone was about twice as much as the total of China's, and according to the World Bank, China's gross domestic product (GDP) in the year was merely 6.4 percent of that of the United States.

2. London is one of the world's financial centers, and is keen to play an important role in China's financial development, whether by serving as an offshore trading hub for the renminbi or by possibly one day having a trading link between London and Shanghai stock exchanges. What role do you envision London playing in the modernization and globalization of the Chinese currency and stock markets?

Ties between the two nations had been driven by "mutual understanding, support and friendship," the president stressed.