China and the United States pledged Tuesday to work together on a wide range of issues, including anti-terrorism initiatives and law enforcement cooperation and to talk about manned space flights and space exploration.
President Hu Jintao and visiting US President Barack Obama also agreed to develop a "partnership" to deal with global challenges, including climate change, the economic recovery and nuclear non-proliferation during their talks in Beijing.
The leaders also agreed that "each country and its people have the right to choose their own path, and all countries should respect each other's choice of a development model," according to a joint statement released by the nations Tuesday.
Hu will visit the US next year at the invitation of Obama, the statement added.
"The two sides reiterated that the fundamental principle of respect for each other's sovereignty and territorial integrity is at the core of the three Sino-US joint communiqus which guide China-US relations," the statement said.
Obama reaffirmed Washington's commitment to the one-China policy and told journalists: "The US respects the sovereignty and territorial integrity of China."
The leaders stressed they will also work together for a "positive outcome" at the Copenhagen Climate Summit.
China has a clear and consistent goal on the nuclear issue on the Korean Peninsula, Hu said, adding that Beijing hopes all parties will make the best of the opportunities and return to the negotiating table.
Echoing Hu, Obama said the US also wants to see the resumption of Six-Party Talks and will push for the denuclearization of the Korean Peninsula.
Hu said the many agreements resulted from "frank, constructive and fruitful" discussions that he and Obama had Tuesday in the Great Hall of the People.
Both leaders "agreed to continue to adopt strategic and long-term perspective, increase dialogue, exchanges and cooperation and work together to build a positive, cooperative and comprehensive China-US relationship for the 21st century," Hu said when he met the press alongside Obama after the talks.
The leaders' press conference and the official welcoming ceremony were broadcast live on China's national television network CCTV.
Both heads of state were committed "to take concrete action to steadily grow a partnership between the two countries to meet our common challenges," Hu said.
"We meet here at a time when the relationship between the US and China has never been more important to our collaborative future," Obama told reporters.
"The major challenges of the 21st century - from climate change and nuclear nonproliferation to economic recovery - are challenges that touch both our nations; challenges that neither can solve by acting alone," Obama said.
Hu also championed more cooperation, stressing the need to steadily increase strategic mutual trust between the countries, which would be preceded by respect and accommodation of each other's core interests and major concerns.
Hu said China hopes the US understands and supports Beijing's stand on issues such as Taiwan and called on Washington to ensure Tibetan and Uygur activists are not allowed to engage in separatist activities on US soil.
China's development has created opportunities, not challenges, for the world, including the US, Hu continued. He said that, instead of becoming adversaries, the countries should become interdependent and genuinely cooperative partners.
Hu also called on the US to reduce restrictions on hi-tech exports to China and urged Washington to recognize China's market economy status. He also asked Washington to properly deal with trade disputes. Hu told the press the countries should be firmer in their opposition to trade protectionism.
While committing to more high-level and people-to-people exchanges, Hu said China is willing to engage in dialogue about such issues as human rights and religion on the basis of mutual respect and non-interference of each other's internal affairs.
The countries will restart dialogue on human rights next February, according to the joint statement.
Obama said the US welcomed China's efforts to play an increasingly important role on the world stage, "a role in which its growing economy is joined by growing responsibility".
While praising China for its contribution to the world economic recovery, Obama said the US hopes Beijing will be able to "rebalance its economy and spur consumption".
Obama also said relations between the countries went "far beyond a single issue In time of interconnection, I do not believe one country's success would come at the expense of another."
Chinese experts had a mixed response to the talks between Hu and Obama.
Tao Wenzhao, a US studies expert at the Chinese Academy of Social Sciences, said the "biggest flashpoint" came when Hu said both countries would establish a partnership to deal with global challenges.
"It won't work without the participation of China or the US," Tao said.
Despite the many agreements, Wang Yusheng, a researcher with the China Foundation for International Studies, said "many deep differences" remain.
"Obama said the US would not contain China, but why does Washington still prevent some hi-tech transfers to Beijing, why hasn't Washington recognized China's market economy status and why does Washington sell weapons to Taiwan?" he said.
Zhang Haizhou and Li Xiaokun contributed to the story