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Both Hungary and China attach great importance to environmental and resource protection, and they can deepen cooperation in such areas as water pollution prevention and management, water resources development and utilization, said Ader.

News about the two presidents' upcoming meeting is "certainly encouraging," said James M. Roberts, an economist at the Heritage Foundation, a Washington D.C.-based think tank.

China advocates that all newly-proposed initiatives should be in favor of greater transparency and inclusiveness with wide participation, and fit in the era of integrated global economy, political pluralism and shared security, he said, adding none should undermine the interests of others or develop into exclusive military blocs, he said.

"As for the so-called 'China wants to make a deal with the U.S. due to slow growth,' it is completely misleading," Geng said. "Reaching a deal is definitely not China's unilateral pursuit. The U.S. side also needs it."

The UK will work with China to safeguard multilateralism and multilateral trade system, Hammond said.