China willing to work with Obama for better bilateral relations

In response to Sino-U.S. trade imbalances and the country's currency policy, Qin expected the two sides to deal with this issue through "equal and friendly" dialogue.

Bilateral trade and economic cooperation benefit both sides and also improved the welfare of Americans, he said.

"There are trade imbalances between us. China's exports to the United States did increase," he said. "But you can't blame it all on our currency policy. It mainly resulted from the changes in the global industry.

"We produce and export some things that the United States did not produce anymore. It will import from other countries if not from China," he said.

China has made efforts to adjust its currency policy and expand imports from the United States, he said.

China also hopes to consume more U.S. products.

"We hope the U.S. administration will further lift restrictions on high-tech exports and acknowledge China's market economy status as early as possible so that bilateral trade will move forward in a balanced way," he said.

Qin voiced expectations for the Sino-U.S. Strategic Economic Dialogue, scheduled to kick off next month.