China will work with the new US administration on keeping the Strategic and Economic Dialogue (SED) mechanism to consolidate bilateral ties, a senior Chinese financial official said yesterday in Beijing.

The SED, initiated by President Hu Jintao and his US counterpart George W. Bush in 2006, has played an important role in pushing the advancement of relations between Beijing and Washington, Assistant Minister of Finance Zhu Guangyao said.

China will discuss with the Obama administration on whether the dialogue's name and contents should be changed, Zhu said.