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From July 6, additional tariffs will be levied on some 34 billion U.S. dollars worth of Chinese products. Meanwhile, the other 16 billion dollars worth of Chinese products will undergo further review in a public notice and comment process.

They also attended a meeting of China-German Economic Advisory Committee after their talks, and had exchanges with enterprises of both countries on investment environment, two-way openness, financial cooperation and protection of intellectual property rights.

Xi hopes that Japan can work together with China, bear in mind the overall and long-term interests and make choices which accord with their fundamental interests and benefit regional development, so as to ensure that bilateral relations consistently advance in the right direction.

"The regulator should toughen supervision on banking and insurance products and enhance protection of consumer interests," he said.

In recent years, China-India ties have maintained a momentum of development under the strategic guidance of their leaders, and both countries have made new progress in various cooperation, Kong said, noting that bilateral ties are facing opportunities for improvement.