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China has also committed a 40 billion dollar fund to provide financial support for infrastructure construction and economic cooperation along the Silk Road Economic Belt. More than 20 countries have expressed willingness to sign up for the Asia Infrastructure Investment Bank, proposed by China as an alternative source of funds to established regional lenders.

Urging both sides to respect and accommodate each other's core interests and major concerns, Xi expressed the hope that Washington takes seriously China's concern on Taiwan and Tibet, so as to keep China-U.S. ties free from unfavorable interference.

He expressed confidence in the future of the comprehensive strategic partnership between the two nations.

BEIJING, March 19 (Xinhua) -- China is willing to work with the Organization for Economic Cooperation and Development (OECD) on sustainable development and global governance.

Friday's meeting also approved an implementation plan for deepening judicial and social system reform.