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Summing up the experience and illumination in the past the four decades since China and the United States established diplomatic ties, Xi said the two sides both benefit from cooperation and lose in confrontation, and that cooperation and dialogue are better than friction and confrontation.

MOSCOW, June 5 (Xinhua) -- China and Russia vowed to strengthen contemporary global strategic stability in a joint statement signed by visiting Chinese President Xi Jinping and his Russian counterpart, Vladimir Putin.

At the SCO summit, Xi called for concerted efforts to build the regional organization into a model mechanism of regional cooperation against the backdrop of the complicated international situation.

The country will also urge financial institutions to reduce financing rates and costs for small and micro firms, and encourage venture capital investment in entrepreneurship and innovation.

Calling on all parties to jointly promote the alleviation of Iranian nuclear issue and the situation in the Gulf region, instead of letting it get worse, even slipping into conflicts, Wang urged all parties to firmly maintain the deal.