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The upgrade of the FTA will bring real benefits to the people and companies of the two countries and send a strong signal of further expanding trade and investment, Lee said.

There were successful examples in the past that China and the United States solved their trade differences through coordinated cooperation, said Xi, urging the economic teams of the two countries to increase their contacts and conduct consultations over issues of mutual concern so as to reach an agreement which is acceptable for both sides.

"It is hoped that through this visit, the two sides will usher in a new era when 'competition is transformed into coordination,'" Abe said.

He said that with its own constant development, China will continue to provide a stable cornerstone for world peace and development, inject inexhaustible impetus into global economic growth, build important platforms for win-win cooperation among different countries, set an example for eliminating poverty and backwardness, contribute oriental wisdom to solving hotspot issues, and provide firm support for safeguarding international order.

He said Japan stands ready to work with China to enhance the momentum of high-level exchanges, promote strategic communication, strengthen cooperation and exchanges in economy and trade, investment, finance, innovation, the third-party market, youth, sports and local on the basis of the four political documents between the two countries.