The United States and China are holding high-level talks in Washington for a second day. On Wednesday, Vice President Joe Biden launched the summit with a call for mutual cooperation.

Vice President Joe Biden: “The stakes are very high, because it’s fair to say that the dynamic that emerges between our nations will affect not just our peoples, but, quite frankly, have a significant impact on the entire world.”

The summit continues to see a clash over the issue of cyberhacking by both sides. The United States is asking China to end cyberpiracy of U.S. intellectual property, while China has pointed to the U.S. hacking of Chinese networks revealed by Edward Snowden.