China and the United States agreed to five new initiatives for collaboration on addressing climate change in Washington, DC, on July 10.
Chinese Vice Premier Wang Yang says the China-US Strategic and Economic Dialogue is an important tool to accelerate the development of society.
Experts say both sides should further strengthen their macro-economic policy coordination in order to promote global economic recovery.
China's foreign trade is facing "severe challenges" and these difficulties will remain in the second half of the year.
Sinochem Group, a State-owned conglomerate involved in energy, agriculture, chemicals, real estate and financial services, has purchased a 40 percent stake in a US shale gas block.
With the setup of a bilateral work group, China and the US are expected to hold talks on cybersecurity, which is still largely unregulated in the world.
ZTE and Huawei said they are willing to work with the US to tackle concerns over the security of IT equipment imported from China.
China consumed 1.38 trillion yuan ($223.3 billion) in information technology-related products and services in the first five months of the year.
China's expanding middle class is looking to other sources of investment in the hope of getting a profitable return, not just financially but psychologically.
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