WASHINGTON - The upcoming 5th China-US Strategic and Economic Dialogue (S&ED) will produce positive results under the guidance of the important consensus on building a new type of major-country relationship reached at last month's historic summit, Chinese Ambassador to the US Cui Tiankai said Sunday.

This round of S&ED will be held in Washington DC on July 10- 11 and co-chaired by Chinese Vice Premier Wang Yang and State Councilor Yang Jiechi with US Treasury Secretary Jacob Lew and Secretary of State John Kerry.

In a joint interview with the Washington-based Chinese media outlets, Cui highlighted the significance of the dialogue, noting it will be the first high-level talks since the governmental reshuffles in both countries and the June 7-8 summit held at California's Annenberg Estate between Chinese President Xi Jinping and his US counterpart Barack Obama.

During that summit, Xi and Obama reached a consensus on seeking to build a new type of major-country relationship based on mutual respect and win-win cooperation, instead of rivalry and confrontation. The consensus has chartered the course for future development of the China-US ties, and the fifth S&ED will be the first concrete step in implementing it, Cui said.

"This dialogue is not only held at an important time, but also has far-reaching implications on the bilateral relations," the veteran Chinese diplomat said, adding it provides the opportunity for the two sides to turn the political will of building a new type of major-country relationship into policies and actions.

During the two-day dialogue in Washington DC, leading officials from more than 20 departments and ministries of both countries will hold a series of talks on wide-ranging topics, including trade, energy, climate change, cyber security, and Asia Pacific cooperation.