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"On economic terms, it is important for us to have frank discussion and to work cooperatively in order to achieve a type of more balanced and sustainable economic growth," the president said.
"We also have to work cooperatively together to achieve regional peace and stability" because the world regards the China-U.S. relationship as a critical ingredient on a whole range of security issues around the world, he added.
Also on Thursday, Wen stressed at the annual general debate of the UN General Assembly that China remains a developing country and will stick to the path of peaceful development for the common good of mankind.
While China's gross domestic product is the third largest in the world, the per capita figure is only one tenth of that of developed countries, Wen said.
China has enjoyed over 30 years of fast growth, but its further development faces energy, resources and environmental constraints, the premier noted in his speech, titled "Getting to Know the Real China."
"Taken as a whole, China is still in the primary stage of socialism and remains a developing country. These are our basic national conditions. This is the real China," said Wen.
In the coming decades, China will continue to move forward along the path of reform and opening-up and peaceful development, and there is no reason whatsoever for China to deviate from it, Wen added.