Obama says U.S. committed to cooperating with China

BEIJING (Reuters) - U.S. President Barack Obama said the United States is committed to building a "new model" of relations with China that is defined by cooperation and the constructive management of differences. "The United States welcomes the emergence of a stable, peaceful, and prosperous China," Obama said in a statement issued by the White House as officials from both countries began high-level annual talks in Beijing. "We are committed to the shared goal of developing over time a 'new model' of relations with China defined by increased practical cooperation and constructive management of differences," he said. "We remain determined to ensure that cooperation defines the overall relationship." (Reporting by Lesley Wroughton; Writing by Koh Gui Qing; Editing by Dean Yates)