Vice President Han Zheng on Sunday told American Vice President-elect JD Vance that there is a lot of room for China-US cooperation, in a meeting ahead of Donald Trump’s presidential inauguration.

Han told Vance that Beijing is willing to work with Washington to "implement the important consensus reached between President Xi Jinping and US president-elect Donald Trump", Xinhua news agency reported.

Han, who is in the US for the inauguration ceremony, also told Vance that the nation is ready to promote the stable, healthy and sustainable development of China-US relations.

According to state media, Han also said both sides could make contributions to world peace and development, as long as they adhere to the principles of mutual respect, peaceful coexistence, and win-win cooperation.

"Economic and trade relations are important issues of common concern to both sides. While there are differences and friction between China and the US, there are many common interests, and the space for cooperation between the two nations is huge. The two sides should strengthen dialogue and negotiations on this front," Han was quoted by Xinhua as saying.

The meeting came a day before Trump and Vance will be sworn in.

Xinhua also reported that Han met Tesla CEO Elon Musk, who became a key Trump ally during his campaign, and other representatives of the business community in the US.

In his meeting with Musk, Han said Beijing welcomes US companies, including Tesla, "to seize the opportunity and share the fruits of China's development" while making greater contributions in promoting China-US economic and trade relations.

Musk, according to Xinhua, told Han that his company is ready to increase its investments in and cooperation with China and play a role in promoting bilateral economic and trade exchanges.