Chinese and U.S. entrepreneurs and scholars had in-depth exchanges on trade and investment negotiations, industrial chains, and prospects for innovation and technology cooperation at a dialogue held in Beijing.

The meeting, co-hosted by the China Center for International Economic Exchanges and the U.S. Chamber of Commerce on Tuesday and Wednesday, was attended by some 20 business leaders, former government officials and scholars from both countries.

China and the United States have agreed to hold the 13th round of high-level economic and trade consultations in Washington in early October, which conforms to the public opinion of the two countries and is a rational choice of the two sides, according to the Chinese delegates.

They called for "dialogues on the basis of equality and mutual respect" between the two largest economies in the world. They said the two countries should pay attention to opening up new space for cooperation in areas such as sci-tech innovation, high-tech industries, infrastructure construction, information technology and biotechnology.

The escalating China-U.S. trade friction has become the biggest uncertainty of global economic development, they said, adding that a trade war is not in the interests of China and the United States, and is against the interests of people around the world.

China will continue to promote supply-side structural reform and high-level opening-up, said the delegates, noting that China's economy has remained stable with strength and resilience.

According to the U.S. delegates, U.S.-China relations are at a critical moment and face severe tests, and trade frictions have had a negative impact on both the U.S. and Chinese economies, with downward pressure for the global economy.

They expressed the hope that the two countries will properly solve problems in bilateral trade relations through negotiations and consultations.

They also called for innovation and stronger cooperation between the two sides.

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