China and the US have concluded two days of Strategic and Economic Dialogue. The two sides announced a range of proposals in the economic area which will help increase business opportunities for US companies in China.

In his remarks closing the talks, China's State Councilor Dai Bingguo said the two nations expanded their mutual understanding and trust. Meanwhile, US Secretary of State Hillary Clinton has said the two sides made "a lot of progress."

Dai said, "I said we had a good conversation. I did not mean we agreed on each and every issue. However, after each round of dialogue, we successfully expanded our mutual understanding and increased our mutual trust and enhanced our cooperation. And this has added to our confidence of further developing our bilateral relations in the future."

Hillary Clinton said, "The strategic and economic dialogue continues to grow broader and deeper. It reflects the complexity and the importance of our bilateral relationship. And we have covered a lot of ground together and I'm happy to report we have made a lot of progress. The list of agreements and understandings reached is quite long."