On November 12, 2014, President Xi Jinping held talks with President Barack Obama of the US at the Great Hall of the People, making candid and in-depth exchanges of views on China-US relations as well as major international and regional issues of common concern. The two sides reiterated their consensus reached at the Annenberg Estate meeting on developing a new model of major-country relationship between China and the US. Xi Jinping proposed to further promote the construction of the new model of major-country relationship between China and the US in six key directions. The talks yielded multiple consensus and achievements.

Xi Jinping said that we had a good talk the previous evening, making in-depth communication on respective domestic and foreign policies of the two countries. China and the US are countries of distinctive characteristics, enjoying broad common interests and yet having to properly handle some sensitive issues. I hope to continue in-depth communication with you today.

Obama said that they had an in-depth talk the previous evening, which was very helpful for him to understand China. He is willing to maintain such candid and constructive communication and exchanges with President Xi Jinping.

Xi Jinping stressed that last June, I met with President Obama at the Annenberg Estate, unanimously agreeing to make joint efforts to build a new model of major-country relationship between China and the US. Over the past year, both sides have continuously promoted coordination and cooperation in various fields in accordance with our consensus, and have yielded positive progress. Last year, the bilateral trade volume exceeded 520 billion USD, two-way investment stock exceeded 100 billion USD, and personnel exchanges surpassed 4 million person times. The two countries have made joint efforts to deal with climate change, fight against the Ebola outbreak, oppose terrorism, and push the Iranian nuclear issue, the Democratic People's Republic of Korea (DPRK) nuclear issue, the Syrian issue and others towards resolution through dialogues. Facts have proven that the construction of the new model of major-country relationship between China and the US conforms to the fundamental interests of the two peoples, and is conducive to promoting peace, stability and prosperity in the Asia-Pacific region and around the world at large.

Xi Jinping pointed out that this year marks the 35th anniversary of the establishment of the diplomatic relationship between China and the US. After 35 years' development, China-US relations have now come to a new historical starting point. Faced with the complicated and volatile international situation at present, China and the US see wider fields in which they should and can cooperate. China is willing to work together with the US to inherit the past and usher in the future, and put into practice the principles of no conflict, no confrontation, mutual respect and win-win cooperation, so as to more and better benefit the two peoples and the people of all countries with the construction of the new model of major-country relationship between China and the US. I am willing to make joint efforts with you in this regard.

Xi Jinping proposed that both sides should promote the building of the new model of major-country relationship between China and the US in six key directions.

First, strengthen high-level communication and exchanges to promote strategic mutual trust. I am willing to maintain regular communication with President Obama. Both sides should bring into better play institutional dialogues such as the China-US Strategic and Economic Dialogue and the China-US High-Level Consultation on People-to-People Exchange. I hope that both sides jointly and successfully hold the 25th China-US Joint Commission on Commerce and Trade in Chicago next month for as many practical achievements as possible.

Second, handle the bilateral relations on the basis of mutual respect. As two major countries with different national conditions, China and the US should respect each other's sovereignty and territorial integrity, and respect each other's choice of political system and development path instead of imposing one's own will and mode on the other. This is an important precondition and foundation for the bilateral relations to maintain sound and stable development.

Third, deepen exchanges and cooperation in all fields. China and the US enjoy extensive common interests and a solid foundation for cooperation. Both sides should expand and deepen the practical cooperation in important fields such as economy and trade, the two militaries, anti-terrorism, law enforcement, energy, health care, and infrastructure to inject new impetus into the bilateral relations. Both sides should actively promote communication of all circles such as the two governments, parliaments, local governments, think tanks, media and youth to consolidate the social basis of the bilateral relations.

Fourth, manage and control divergences and sensitive issues in a constructive way. Divergences between China and the US on some issues are inevitable. Both sides should stick to dialogues and consultations to properly handle the sensitive issues, do no harm to each other's core interests, and do their utmost to maintain the overall situation of stable development of the bilateral relations.

Fifth, carry out inclusive cooperation in the Asia-Pacific region. I have said many times that the broad Pacific Ocean is vast enough to embrace both China and the US. Both sides should stay committed to launching active interactions in the Asia-Pacific region and encouraging inclusive diplomacy so as to jointly play a constructive role for regional peace, stability and prosperity.

Sixth, jointly cope with all regional and global challenges. China is willing to strengthen communication, coordination and cooperation with the US in regional hotspot issues such as the Iranian nuclear issue, the DPRK nuclear issue and the Afghan issue as well as in global issues such as anti-terrorism, climate change and prevention and control of infectious diseases, so as to jointly make positive contributions to safeguarding world peace and promoting development of mankind.

Xi Jinping stressed that China and the US should build a new model of military relationship conforming to the new model of major-country relationship. The Ministry of National Defense of China and the US Department of Defense have adopted the mechanism of mutual notification of major military activities and the code of conduct on military security in international waters and its associated airspace, based upon which, the two sides should deepen communication, mutual trust and cooperation between the two militaries. China is willing to work with the US to continue to promote the high-level exchanges, mechanical communications, joint exercises and training and other aspects between the two militaries for new development.

Xi Jinping pointed out that the two countries have made mutually beneficial arrangements on visas for business people, tourists and students, which will offer great convenience to personnel exchanges between the two countries. China and the US should strengthen people-to-people and cultural exchanges to properly guide public will and opinions for the development of the bilateral relations.

Xi Jinping stressed that China' propositions and proposals including the Asian security concept and the establishment of the Asian Infrastructure Investment Bank (AIIB) and the Silk Road Fund all maintain open and inclusive principles, and active participation of relevant countries including the US is welcome.

Xi Jinping pointed out that maintaining peace and stability across the Taiwan Strait conforms to the common strategic interests of China and the US. I hope that the US abides by the One-China policy and the principles of the three China-US joint communiqués, stops selling weapons to Taiwan, and takes concrete actions to support the peaceful development of Cross-Strait relations.

Obama said that over 35 years since the establishment of the diplomatic relationship between the US and China, the bilateral relations have gained great progress, making significant contributions to regional and global peace, stability and development. He expected that the development of the US-China relations bring more benefits to the two countries and the world at large. He attaches great importance to the propositions and proposals put forward by President Xi Jinping, and agrees to strengthen exchanges and dialogues, enhance understanding and mutual trust, expand mutually beneficial cooperation, manage and control divergences in a constructive manner, and jointly promote the new model of major-country relationship between the US and China. He is willing to reiterate that the US welcomes and supports a peaceful, prosperous and stable China with a greater role in the world, which is in conformity with the interests of the US. The US has no intention of containing or damaging the unification of China. The US has not changed its position on the Taiwan issue and does not support the independence of Taiwan. The US firmly supports the improvement of Cross-Strait relations and hopes that this momentum will be maintained. The US admits that Tibet is a part of the People's Republic of China and does not support the independence of Tibet. The US is supportive of China's reform and opening-up, and hopes that the two sides take further measures to promote balanced growth of bilateral trade and strengthen cooperation in agriculture, food security and other fields. The US supports non-governmental exchanges between the two countries. The US welcomes the progress made in the US-China military relations, and hopes that the two militaries strengthen exchanges, dialogues and cooperation in wider fields, so as to avoid misjudgment and prevent conflicts. The US is sincerely willing to build a relationship of cooperation rather than competition with China in the Asia-Pacific region and jointly safeguard regional security and stability.

The two heads of state made multiple important achievements and reached consensus regarding enhancement of the bilateral, regional and global cooperation, and agreed to accelerate the progress of negotiations on the bilateral investment agreement and strive for agreement on core issues and major provisions by the end of this year as well as launching of negotiations on the negative list in 2015. Both sides spoke positively of the agreement reached by the two countries on negotiations to expand product coverage of the Information Technology Agreement (ITA).

China and the US jointly issued the China-US Joint Statement on Climate Change, declared their respective action targets after 2020, and announced their joint promotion of international negotiations on climate change for an agreement in 2015 Paris Conference as scheduled as well as enhancement of cooperation in the fields of clean energy and environmental protection. Both sides will grant 10-year multiple entry visas to business people and tourists and 5-year multiple entry visas to students from each other's country.

The two heads of state restated that both countries firmly oppose all forms of terrorism, and will carry out international anti-terrorist cooperation on the basis of the Charter of the United Nations as well as basic norms of international relations, and continue to implement relevant resolutions of the UN Security Council. The two sides will reinforce law enforcement cooperation and continue to carry out cooperation in such aspects as hunting down fugitives, recovering their illicit assets, controlling drugs, and fighting Internet crimes. The two sides will work with the international community to continue to help the epidemic countries in Africa fight against the Ebola outbreak. The two sides will continue to enhance dialogues and cooperation with regard to the Iranian nuclear, the DPRK nuclear, the Afghan, and other issues, pushing forward a proper settlement of related issues.

The two heads of state also exchanged views on issues including the South China Sea, human rights, network security, and both countries' monetary policies, and Xi Jinping elaborated China's principled stance.

Before the talks, Xi Jinping held a welcoming ceremony for Obama at the North Hall of the Great Hall of the People. Wang Huning, Li Zhanshu, Zhang Ping, Yang Jiechi, Han Qide and others were present.