Chinese President Xi Jinping emphasized that a fruitful partnership between China and the United States presents an opportunity for both nations to support each other’s growth rather than hinder it, as reported by state media on Wednesday.

“China is eager to be a partner and ally to the United States. This collaboration will not only benefit our two nations but also the global community,” Xi stated in a letter addressed to the 2024 annual awards dinner of the National Committee on U.S.-China Relations, according to a report from CCTV.

In his letter, Xi highlighted that the relationship between China and the U.S. ranks among the most significant bilateral relationships globally, influencing the future and fate of humanity. The two nations have faced tensions over national security issues, ongoing trade disputes, and China’s activities in the South China Sea, as well as increased military exercises near Taiwan. Over the past year, trade relations have deteriorated, focusing on matters such as restrictions on electric vehicles and advanced semiconductor technology.

Xi stated that China has consistently approached its relations with the United States based on the principles of mutual respect, peaceful coexistence, and win-win cooperation. He emphasized that the achievements of both China and the U.S. present opportunities for one another.