Chinese President Hu Jintao shakes hand with US Vice-President Joe Biden before their meeting at the Great Hall of the People in Beijing August 19, 2011.[Photo/Xinhua]

BEIJING - China is committed to building a China-US relationship based on mutual respect and mutual trust, said Chinese President Hu Jintao while meeting with US Vice-President Joe Biden on Friday in Beijing.

Hu expressed readiness to work with the US side to increase dialogues and consultations at all levels and expand friendly exchanges between the two peoples, so as to foster strategic mutual trust and to enrich the China-US cooperative partnership.

Hu also pledged firm support to deepening win-win bilateral economic cooperation.

Hu said the two nations needed to pull together as the world economic recovery was clouded by mounting instabilities and uncertainties, and global economic growth faced grim challenges.

The two countries should improve coordination of their macro-economic polices, and pursue their common goals of ensuring economic growth and stability, as well as deepen bilateral cooperation and those under multilateral frameworks such as the Group of 20 (G20).

Hu called on the two nations to boost market confidence in concerted efforts, and to revive the global economy.

Further, Hu said, "The Chinese side is firmly committed to advancing bilateral cooperation with the US in international and regional affairs."

"We would like to increase our exchanges and coordination with the US in matters concerning regional security and cooperation, as well as global issues through bilateral and multilateral frameworks, and to promote peaceful solution of regional hot issues through dialogue and negotiations," said Hu.

Hu also called on the two countries to properly handle significant and sensitive issues between them for the sake of bilateral ties, and to promote healthy and steady development of the China-US cooperative partnership characterized by mutual respect and mutual benefits.

Biden reaffirmed the US' commitment to building a strong, enduring and positive US-China relationship and to deepening cooperations in all sectors based on mutural respect to bring the bilateral ties to a new high.

Biden said a strong, prosperous, successful China that plays a bigger role in global affairs is in the interests of the United States and the world at large.

The US side understands China's concerns in issues of its core interests, said Biden, calling the two sides to increase contacts so as to boost mutual understanding and mutual trust.

He urged the two nations to properly handle sensitive issues, boost people-to-people exchanges, economic cooperation, dialogue and consultations in regional and global affairs to rise to challenges facing the international community.

Biden said Hu's visit to the United States in January left a strong, positive impression on the people of the country.

Earlier on Friday, Premier Wen Jiabao met with Biden.

Biden arrived in Beijing Wednesday evening for a six-day official visit to China as a guest of Vice-President Xi Jinping.

On Thursday, Xi hosted a welcome ceremony for Biden and then held talks with him. China's top legislator Wu Bangguo also met with Biden Thursday afternoon.

Friday morning, Xi and Biden attended a US-China business dialogue.

Biden is also scheduled to visit southwest China's Sichuan Province during his trip.

This is Biden's first visit to China after becoming US vice president in 2009.