The U.S. side said it acknowledged China's rapid development and has no intention of curbing China. It also expressed the willingness to cooperate with China and develop a long-term constructive relationship between the two countries.

On their military-to-military relationship, both sides vowed to follow through annual exchange programs and called for early visits of the two countries' defense chiefs.

The two sides also pledged to deepen cooperation on areas such as humanitarian assistance, anti-piracy and military medical sciences and to implement memorandums of understanding on confidence-building mechanisms.

On Wednesday, the Chinese side reiterated its stance on Taiwan and Tibet-related issues and emphasized the importance that the U.S. side should honor its relevant commitments and handle these issues in a proper manner.

The United States reiterated that it adheres to the one-China Policy and reaffirmed its position that Tibet is part of China and Washington does not support any separatist activities.

RESOLVING KOREAN PENINSULAR ISSUE THROUGH TALKS

At the dialogue, China called for an early resumption of talks on the Korean Peninsular nuclear issue and reaffirmed its commitment to resolving the issue through negotiations.

China reiterated its commitment to denuclearizing the Korean Peninsula and maintaining peace and stability there, and urged a comprehensive and strict implementation of relevant United Nations Security Council resolutions on the issue.

China proposed a "dual-track approach" to promoting denuclearization of the Korean Peninsula, and establishing a peace mechanism in parallel and a "suspension for suspension" to defuse the looming crisis.

As a first step, Pyongyang may suspend its nuclear and missile activities in exchange for the suspension of large-scale Washington-Seoul military exercises.

On Wednesday, China called on relevant parties to consider and adopt these proposals, in a bid to pull the Korean Peninsula nuclear issue back on the right track of peaceful resolution through dialogue and consultation.

At the dialogue, China also reiterated its opposition to the deployment of the U.S. Terminal High-Altitude Area Defense (THAAD) anti-missile defense system in South Korea, saying such deployment should be halted and revoked.

On the South China Sea issue, China said it exerts indisputable sovereignty over the South China Sea islands and their adjacent waters and has every right to safeguard its sovereignty and maritime rights.

China and the United States also exchanged views on anti-terrorism. China emphasized that it firmly opposes all forms of terrorism and hopes to enhance anti-terrorism cooperation with the United States on the basis of mutual respect, equality and mutual benefit.