Chinese Premier Li Keqiang said Sunday that more opportunities in trade and investment between China and the United States might emerge in the years to come.

Li, at a press conference after the conclusion of the annual parliamentary session, cited the rapid growth in the bilateral trade volume from only 1 billion US dollars three decades ago to more than 500 billion US dollars last year.

"I don't believe conflicts between big powers are inevitable," Li said. "Shared interests often override their disputes."

Li said both China and the United States would benefit from pursuing mutual benefits. "Trade and investment opportunities in the future would surely be bigger than those in the past three decades," he said, citing the Sino-US cooperation would bring concrete interests to both Chinese and American people.

Experiencing ups and downs, the bilateral relations were developed anyway, which suggested that the Sino-US cooperation meet basic interests of both sides and comply with the overall international trend of peace and development, Li said.

"The Chinese government, as always, highly values the ties between the world's most powerful country and the biggest developing country," Li said.

"We're willing to construct, together with the Obama Administration, a new type of relationship between big powers," he said.

"I'm not saying there are no disputes between us," Li said. "As long as we respect concerns of each other, the two countries could achieve mutual benefits which possibly shadow disputes."