On June 7, 2013, Chinese President Xi Jinping held the China-U.S. presidential meeting with U.S President Barack Obama at the Annenberg Retreat in California.

At the beginning of the meeting, Xi Jinping said to President Obama, Thank you, Mr. President, for your invitation. I am very glad to come to the Sunnylands and hold talks with you at the Annenberg Retreat. This is a place very close to the Pacific Ocean, and China is just beyond the Ocean. I said when I visited the United States last year that the vast Pacific Ocean has enough room to accommodate the development of the two great powers in the world, namely China and the United States. And it is still true at present. Today I meet here with President Obama, with a view to charting out a blueprint for the development of China-US relations and conducting the "transpacific cooperation".

Xi Jinping said, more than four decades ago, the leaders of the two countries opened again the door for China-US interactions with strategists' political courage and wisdom, realizing a "handshake across the Pacific Ocean." Over the forty plus years, China-US relations have gone through trials and hardships and managed to make historic progress and bring about huge benefits to the peoples of the two countries as well as other countries.

Xi Jinping noted that China-US relations now stand at a new historic starting point. The two countries should strengthen communication and cooperation for they share important converging interests, whether from promoting each country's economic development to advancing steady global economic recovery, or from addressing international and regional hot issues to coping with various global challenges.

Xi Jinping stressed that China and the United States, under the new circumstances, should have an in-depth review of the bilateral relations. What kind of a China-US relationship do we need? What type of cooperation should China and the United States carry out to achieve win-win results? How can both countries work together to promote world peace and development? These are major concerns not only of the two peoples, but also of the whole international community. We the two sides should work together to build a new type of relationship between great powers in an innovative and active way to serve the fundamental interests of the two peoples and promote the development and progress of human society.

Xi Jinping expressed, I am looking forward to having extensive and in-depth exchanges with President Obama on major strategic issues of common concern, so as to strengthen mutual understanding and promote comprehensive cooperation between the two countries. It is believed that with the joint efforts of both sides, the summit will yield important and positive results, and inject new vitality into the development of China-US relations in the next period to come.

Obama, for his part, welcomed Xi Jinping's visit and said that the US-China relationship is important not only to both countries, but also to the Asia Pacific region and even the whole world. His decision to meet with President Xi Jinping so soon indicates that the U.S. places great importance to US-China relations. It is of great importance for the development of bilateral relations that China and the United States conduct honest and constructive communications. Such a special setting in the US side for the hosting also reflects the importance of the bilateral relationship. The summit meeting provides an opportunity for both sides to exchange on extensive issues and discuss the construction of a new model for cooperation between countries based on mutual benefits and mutual respect. The U.S. welcomes the continuing peaceful rise of China as a world power. A peaceful, stable and prosperous China is not only good for the U.S. but also for the world. The U.S. side is ready to maintain a strong and powerful cooperative relationship with China. He is willing to work together with President Xi to meet various global challenges. He is very much looking forward to that this visit of President Xi Jinping will lay a solid foundation for the new model of cooperation between the U.S. and China in the future.