CGTN photo

Senior officials from China and the US are scheduled to meet in Washington for the first round of discussions regarding economic and trade issues on Wednesday.

At a business lunch Tuesday, US business executives exchanged ideas with the Chinese delegation on cooperation between the two countries.

China's Vice Premier Wang Yang told them it is important that both sides come to realize neither Chinese nor Americans can do without the other country.

“China would like to find core values with the US for win-win cooperation, to look for the best solution, so that the best deal can be made,” Wang Yang said.

US Commerce Secretary Wilbur Ross said they are looking for specific agreements to increase US access to China's growing consumer markets.

“Our working relations is better today than it has been in many decades. Even though occasionally we disagree on individual items, we have fundamentally share objectives,” Wilbur Ross said.

The annual bilateral talks, launched in 2006 and expanded by former President Barack Obama to include strategic and security issues, have been pared back under Trump to focus on trade and economic issues.