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Citing the multitude of agreements reached by the two countries, Xi said that they not only lifted the China-Britain ties to a new height, but also drew a blueprint for deepening bilateral cooperation.

All countries should enhance their development capacity, the environment for development should be improved, the development partnership between rich and poor countries should be optimized, and coordination mechanism for development should be strengthened, Xi said.

"If two big countries like ours do not cooperate with each other, just imagine what will happen to the world," Xi said, noting that both history and reality show that China and the United States stand to gain from cooperation and lose from confrontation.

Li also stressed respect for market rules, protection of intellectual property rights and consumers' rights and interests, to maintain fair competition and good quality of creative products.

The rise of developing countries has brought revolutionary changes to the world order, he said. For centuries, powerful countries divided the world and competed for profit and power through war and colonization, but that has been replaced in today's world by rules and mechanisms to balance different interests, he said.