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He suggested that both sides strengthen overall planning and coordination to advance bilateral cooperation in various areas through partnership in the Belt and Road Initiative, and conduct cooperation in areas including infrastructure construction, finance, investment, tourism and aviation in the principle of a government-guided, business-led and market-driven approach for win-win progress.

The fundamentals of China's economic development have remained steady and positive over the past 11 months. China's gross domestic product posted an increase of 6.7 percent year-on-year in the first three quarters, above the government's target of 6.5-percent.

"I have agreed with President Trump to meet during the upcoming G20 summit in Argentina, where the two sides can have an in-depth exchange of views on issues of common concern," Xi said.

Calling China and the Philippines "close neighbors with exchanges going back a thousand years," Xi said good-neighborliness, friendship and win-win cooperation are the only correct choice for the two countries.

"The visit of President Xi will reinforce and strengthen this trust, which is not only trust, but trust and friendship," he said. "That's why I said relations are excellent, or exceptional, and the outcome of the visit will inevitably be very positive."