China and the United States on Monday voiced their will for further cooperation at an ongoing high-level dialogue between the two countries.

At the opening session of the third round of China-U.S. Strategic and Economic Dialogue (S&ED), Chinese Vice Premier Wang Qishan relayed President Hu Jintao's hope for mutual trust and cooperation.

"He hopes that the Chinese and U.S. sides will make the most of this round of dialogues to have in-depth exchange of views on ways to further enhance strategic mutual trust and deepen practical cooperation," Wang said.

"At present, we still face many uncertainties when we are striving to tackle global economic recession and sustain economic recovery," said Wang.

"Against such a backdrop, economic and social development in China and the United States face both common challenges and opportunities of cooperation," he said.

Despite complementarities and clashes in their respective policies to ensure economic recovery, Wang noted that China and the United States "have far more shared interests and cooperation than differences and competition."

Referring to the S&ED mechanism as an "overarching framework for long-term and strategic issues," he called on the two nations to take solid steps to advance the sound development of bilateral economic relations.