China's leading newspaper has warned that China and the U.S. should back down from a "new cold war" when it comes to their international relations.

Last Thursday, the two countries agreed to enhance military ties and strengthen counter-terrorism coordination during their annual meeting in Beijing.

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However, consensus on maritime concerns and cyber-security matters had been limited.

According to People's Daily, the official paper of the ruling communist party, the two largest economies of the world should be able to recognize significant changes in the world and to set aside their differences.

The commentary further asserted that there is no room left for a "new cold war".  

The piece was put forward under the pen name "Zhong Sheng", which can be translated into "Voice of China," and is typically used when providing views on international guidelines.

The commentary also stated that the most harmful risk to the relations between China and the U.S. is "misunderstanding".

It then justified the need for both nations to work on their communication channels and to leave the weak phases of bilateral relations behind.

A Chinese businessman was recently accused by the U.S. Department of Justice of hacking into and stealing data from the computer system of American airplane manufacturer Boeing Co. as well as other business companies.

This has been the latest issue in the series of spying allegations between the two nations.

The Chinese paper commentary further indicated that ties between China and the U.S will remain difficult to address in the near future.

As such, ideal steps may include increased bilateral investments and improved collaboration on environmental issues.

Military ties should also be strengthened and travel between China and the U.S. should be more easily facilitated.  

Addressing such gaps can point to significant gains for both countries, the commentary said.

On the other hand, failure to do so will create a "slippery slope" that could promote detrimental competition and conflict.

TagsPeople's Daily