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China and Germany have in recent years attached great importance to cultural and people-to-people exchanges. On Thursday, the two leaders agreed to further enhance local and youth cooperation and announced the year of 2016 the China-Germany youth exchange year.

"In the Asia-Pacific, China and the United States are both extremely important for the regional countries. Southeast Asian countries don't want to pick a side between the two powers, since the trade relations with China and security cooperation with the United States are both vital for them," Peter Cai, a China expert of News Corp. Australia, told Xinhua.

Enterprises from both countries face many opportunities in infrastructure construction, citing China's "Belt and Road" initiative and Britain's Northern Powerhouse project, a regional development plan of Britain, said the ministry.

Xi called on China and the United States to enhance local-level cooperation and tap the potential of their complementary advantages.

"China's economic fundamentals remain solid and will continue to maintain a long-term steady growth at a medium-to-high speed," he told more than 30 business leaders from the two countries' top-notch enterprises, including Alibaba, Lenovo, IBM and Microsoft.