Chinese State Councilor Dai Bingguo (R) meets with U.S. Deputy Secretary of State William Burns in Beijing, capital of China, Oct. 28, 2011. (Xinhua/Xie Huanchi)

Chinese State Councilor Dai Bingguo met with U.S. Deputy Secretary of State William Burns in Beijing on Friday, urging the two countries to make good arrangements for their high-level exchanges in the period ahead.

"China-U.S. relations have currently entered a crucial and key period of development," Dai said.

Both sides should seriously implement the important consensus reached between the two state leaders on building a bilateral cooperative partnership, sticking to the spirit of mutual respect, equality and mutual benefit, expanding cooperation on bilateral issues and global affairs, and properly settling disputes in a bid to maintain the sound development of China-U.S. relations, he said.

Dai also reiterated China's principled stance on issues involving Taiwan.

Burns told Dai that U.S. President Barack Obama and his government highly value relations with China, and are committed to boosting a bilateral cooperative partnership featuring mutual respect and win-win results.

The United States expects to work closely with China to promote the positive progress of the upcoming G20 summit in Cannes, France, the APEC meeting in Hawaii, U.S., and the ASEAN Summit in Bali, Indonesia.

The two sides also exchanged views on regional issues of common concern.

A statement from the U.S. State Department says Burns' China visit reflects sustained, high-level U.S. engagement with China and the United States' commitment to building a positive, cooperative and comprehensive relationship with the country.