On March 16, 2010, Chinese State Councilor Dai Bingguo and British Foreign Secretary David Miliband held the strategic dialogue between the two countries in Beijing.

Dai said that the mechanism of China-Britain strategic dialogue was an important channel for the two nations to make in-depth communication. Dai hoped the two sides would make use of the mechanism to have candid and in-depth discussion on strategic issues in bilateral and international relations. "This will help us to increase mutual understanding, trust and respect, and to promote the stable and healthy growth of China-Britain ties in the 21st century," Dai said.

Dai said the global financial crisis has a far-reaching impact and the international situation has undergone significant changes with a clear trend toward multi-polarity. Emerging powers are developing rapidly, and countries are increasingly interdependent and face unprecedented opportunities for cooperation. Enhanced cooperation and coordination have become dominant in international relations and there is a pressing need for the world to establish a fair and rational new international order. All countries should enhance dialogue, expand consensus, develop cooperation, abandon the cold war mentality and work together for win-win cooperation.

Miliband said the dialogue between the two nations had always been strategic with a good foundation and he was very glad to see the elevation of the dialogue mechanism. The trend toward a multi-polar world is gaining momentum and emerging economies are developing rapidly. Miliband said that major countries should respect each other and enhance dialogue and cooperation to shoulder common responsibilities. Expressing appreciation for China's achievements in economic growth, Miliband said Britain welcomed China's contributions to the world economy. Britain is glad to see China benefits from global economy. The world needs the Chinese economy while China needs the world economy. As both countries uphold multilateralism, they should increase cooperation in tackling climate change and in economic and security sectors. Under the new situation, Britain would work with China, on the basis of mutual respect, to push forward the bilateral strategic and cooperative partnership, he said.