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"There is no such thing as the so-called Thucydides trap in the world. But should major countries time and again make the mistakes of strategic miscalculation, they might create such traps for themselves," Xi said while talking about China-U.S. relations with U.S. local governments and friendly organizations.

Some U.S. state and city governments also set ambitious carbon-reduction targets.

He pledged that China will not stop reform and opening-up and is firmly committed to the path of peaceful development.

Officials and experts from both sides believe that a high-standard BIT will not only benefit the top two economies in terms of boosting mutual investment and job opportunities, but also conduce to the global economy.

He urged all countries to implement the agreement in a down-to-earth manner and put forward intended nationally determined contributions based on their respective national circumstances.