China and the United States reaching a mutually beneficial agreement on trade in a timely manner will be conducive to both sides and the world economy, Guo Weimin, spokesman for the second session of the 13th CPPCC National Committee, said on Saturday.

In accordance with the instructions of the two countries' top leaders, China and the US have achieved substantial progress on such specific issues as technology transfer, protection of intellectual property rights, non-tariff barriers, service industry, agriculture and exchange rates, Guo said.

China and the US, as permanent members of the United Nations Security Council and the world's two biggest economies, play a tremendous role in promoting global prosperity, Guo said at the news conference of the Second Session of the 13th CPPCC National Committee.

It is a solid fact that cooperation is the best choice for both sides instead of standing against each other, Guo added.