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While competition between the US and China was normal, Washington should avoid abandon zero-sum thinking and meet Beijing halfway, The Chinese government’s top diplomat, State Councillor Wang Yi, said on Friday, according to Reuters.  

Key quotes (Source: Reuters)

China believes cooperation greater than differences with the US.
Says we have positive expectations for future relations with the US.  
China and the US should not and will not descend into a confrontation.
Disputes between the US  And China at this stage do not represent a long-term trend in bilateral relations.
Interests of China and US are inseparable.
China-US  Trade talks have made substantive progress.