Chinese President Hu Jintao met with his U.S. counterpart Barack Obamba at the White House Wednesday and made a five-point proposal for enhancing bilateral ties.

Chinese President Hu Jintao and US President Barack Obama attend a joint news conference in the East Room at the White House in Washington, January 19, 2011. [Xinhua/Li Xueren]

Both leaders expressed their dedication to developing a cooperative partnership based on mutual respect and mutual benefit. They also mapped out major directions for bilateral ties as well as key areas to deepen cooperation.

Hu, who arrived here Tuesday on a state visit to the United States, told Obama the development of China-U.S. ties needs new ways of thinking, new actions and new climate.

China is willing to work with the U.S. side to enhance dialogue, boost mutual trust, expand exchanges and deepen cooperation so as to open up a new prospect for bilateral partnership, he said.

Hu put forward a five-point proposal for furthering bilateral ties.

Firstly, the two sides should develop a political relationship of equality, mutual trust and seeking common ground while reserving differences.

As long as both sides maintain dialogue and cooperation, treat each other in an objective and rational manner, and respect each other's choice of social system and path of development as well as each other's sovereignty, territorial integrity and development interests, bilateral ties will stay on the right track, he added.

Secondly, Hu said both sides should deepen their comprehensive, cooperative, mutually beneficial and win-win economic ties.

China is ready to work with the U.S. side to carry out comprehensive economic cooperation, jointly ease trade imbalance, advocate free trade, oppose protectionism, boost the development of bilateral trade and economic ties, and push the Doha Round of global trade talks to achieve substantial results as soon as possible.

China will continue to provide completely fair national treatment to U.S. investors in China, and hopes the U.S. side will relax its restrictions on high-tech exports to China, offer an environment of fair competition to Chinese enterprises investing in the U.S., and adopt active measures to recognize China's full market economy status, Hu said.