China is ready to cooperate with the new US administration to improve China-US ties, Foreign Minister Yang Jiechi said on Saturday.

Against the backdrop of worsening international financial crisis, China and the United States share broad common interests, Yang said on the sidelines of the Second Session of the 11th National People's Congress (NPC), China's parliament.

"I hope the two sides could accommodate the core interests of each other and further improve exchanges, coordination and cooperation," Yang said.

"We believe that with joint efforts, the China-US relations will proceed in a healthy and stable way," he said.

Yang confirmed that there will be a planned meeting between Chinese President Hu Jintao and US President Barack Obama on the sidelines of a G20 summit in London in April.

"Under the invitation of US Secretary of State Hillary Clinton, I will visit the United States soon to make preparations for the meeting between President Hu and President Obama in London," he said.

The meeting will be the first between the two leaders since Obama took office in January.

Yang said the China-US relations got off to a good start since President Obama took office.

Hu and Obama have talked over phone and reached many important consensus on jointly pushing forward bilateral relations, he said.

During Secretary of State Hillary Clinton's visit to China in February, the two sides also expressed sincere wishes to improve China-US ties, he said.

The top priority at present for the world is to work together to ensure the success of the G20 summit to boost people's confidence, improve global coordination on macroeconomic regulation, stabilize financial market and push reforms to the financial system and regulatory regime and help with the development of developing countries, he said.

(Xinhua News Agency March 7, 2009)