BEIJING - Senior officials of the Communist Party of China (CPC) and the Democratic and Republican parties of the United States held the third high-level dialogue on Tuesday in Beijing.

The dialogue was co-chaired by Wang Jiarui, head of the International Department of the CPC Central Committee, and former US Secretary of State Madeleine Albright and former US Assistant Secretary of State Richard Williamson, representing the Democratic and the Republican parties, respectively.

"The two sides conducted candid and in-depth exchanges on governance philosophy and China-US relations as well as major international and regional issues of common concern," according to a press release issued after the meeting.

The Chinese side reiterated China's principles and position on the Taiwan issue and demanded the US take practical measures to maintain the overall situation of bilateral ties as well as peace and stability across the Taiwan Strait, said the release.

The high-level dialogue mechanism between the two countries' political parties was started at the end of March 2010 and the second dialogue was held in Washington last December.