The two countries stand to benefit from cooperation and lose from confrontation, and China hopes that dialogue and negotiation with the United States will continue on the basis of equality and mutual respect, Tiankai said on Monday.
He made the remarks at the Bush China Conference held by the George H.W. Bush Foundation for US-China Relations, Xinhua news agency reported.
Tiankai stressed that economic integration and common development represent an unstoppable trend.
"In both the countries, people are turning their backs on any talk of 'decoupling,' because to decouple from China is to decouple from opportunities", he said.
The Ambassador said it seems that demonising China has become 'politically correct,' so much so that the public is no longer shocked by the degree of the outright bias and double standards.
Tiankai underscored that respecting each other and seeking common ground while constructively managing differences has ensured the development of China-US relations over the past four decades.
History has proved that the success of one country is essential to the other, he added.
The two-day conference under the theme of 'US-China Relations at 40: The Past, Present and Future of the World's Most Important Bilateral Relationship' closed on Tuesday.
( With inputs from IANS )