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With joint efforts, the two sides have had fruitful cooperation in various fields and ushered in a new chapter in China-Philippines relations, benefiting both peoples and contributing to regional peace and stability, Xi said.

The two sides should take the opportunity of signing a memorandum of understanding on the cooperation over the Belt and Road Initiative (BRI), to comprehensively forge ahead cooperation within the framework of the BRI and facilitate connectivity, said Xi.

SHANGHAI, Nov. 5 (Xinhua) -- There is every reason to be fully confident in the future of the Chinese economy, President Xi Jinping said Monday.

It called for strengthened strategic research and judgments on planing both strategic reforms and campaign-level reforms, to unleash domestic demand, boost economic vitality and foster drivers of growth.

The outcome of Xi's visit, including about 60 cooperation agreements signed between China and the island countries, has once again proved that the foundation of bilateral cooperation is expanding, Wang said.