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Both countries should honor their commitments, align actions with rules and effectively manage contradictions and differences to make sure the ties return to the right track and achieve new progress, Xi added.

Bloomberg New Energy Finance estimates that EVs will attain price parity by the mid 2020s, as lithium battery prices have been falling. From 2010 to 2018, lithium battery prices dropped by over 85 percent, with an annual average decline rate of 20 percent. And the decline, with the same rate, is estimated to continue for the next few years.

Blair, 64, who left office as prime minister in 2007, also welcomed other China moves such as the Asia Infrastructure Investment Bank, and supported the UK government's decision to be a founding member despite the US refusal to participate.

Both CCB and Principal signed a strategic cooperation agreement to expand the relationship to other areas of asset management, pension development and the joint development of overseas market opportunities in 2016.

Both countries should uphold the basic principle of respecting each other's core interests and major concerns as well as the principle of treating each other as neighbors with sincerity, he said.