On May 4, 2012, State Councilor Dai Bingguo pointed out at the strategic dialogue under the framework of the fourth round of the China-US Strategic and Economic Dialogue (S&ED) that it is necessary for China and the US to further strengthen coordination and cooperation on major regional and international issues.

Dai noted that China and the US have maintained close and effective communication and coordination on major regional and international issues over the past more than three years. The two countries have jointly established and developed related communication and coordination mechanisms, exchanged views in a timely manner, worked together to handle the hotspot issues, jointly tackled the challenges of global financial crisis, debt crisis, international economic and financial system reform and climate change and made major contributions to improving the global governance.

He said that the international situation is undergoing the most complex and profound changes since the Cold War and China and the US need to strengthen cooperation. We should recognize both the power of cooperation between the two countries in handling regional and global challenges and the potential of bilateral cooperation. Looking into the future, we should cooperate more closely. First, we should respect each other's core interest and major concerns, which is the precondition and foundation of bilateral cooperation. The US cannot from time to time engage in activities undermining China's interests while demanding China to cooperate. Second, we should comply with the spirit of the United Nations Charter and the principle of noninterference in each other's internal affairs. It is a rational choice to solve disputes and differences peacefully through dialogue and negotiation and respect the right of people of all countries to independently choose their development path and solve their internal problems. We shall refrain from using sanctions arbitrarily or even the threat of force. Third, we should maintain necessary patience in the face of crisis. There are many problems in the world which have a long historical origin and cannot be solved overnight. We must remain calm, exercise restraint and keep necessary patience because fool's haste is no speed. Fourth, we should keep our promise. China always takes its commitments to the US and the international community seriously and hopes the US will do the same thing. Fifth, we need to objectively understand each other's capability and responsibility. Some countries have bigger capabilities and some have smaller ones. We shall neither expect the same capabilities of all countries nor push any country to shoulder responsibilities beyond its capabilities.