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During Xi's visit, the two sides announced the readiness to launch negotiations on upgrade of their seven-year-old free trade agreement (FTA) and the third government-to-government (G-to-G) project in Chongqing city in southwest China, following the first in Suzhou in east China and the second in Tianjin in north China.

BILATERAL FTAS

During the first day's summit, Xi elaborated China's views on the world economic situation, raised proposals to address global challenges and urged sides to explore new impetus for global economic growth.

Guo pledged China would work with the U.S. to push forward the construction of the cyber law enforcement cooperation mechanism based on "the principles of law-abiding, reciprocity, honest and pragmatism."

"China's nuclear power technology and equipment are safe and inexpensive, which has made them competitive globally," Li said, adding that the Chinese side is willing to participate in Czech's nuclear power business.