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Talking about the ongoing G20 summit, Zhu held that the Asia- Pacific Economic Cooperation (APEC) summit, which was wrapped up successfully a few days ago in Beijing, China, has played a guiding role for the G20 meeting in policy terms.

Wang said China welcomes Obama's visit and is ready to work with the United States to deepen strategic mutual trust, expand mutually beneficial cooperation, and get real results from efforts to develop a new type of major-country relationship between the two countries.

The two leaders made the pledge in a meeting at the Zhongnanhai leadership compound in central Beijing.

In the memorandum, the two sides have confirmed that the FTA would cover trade of goods and services, investment and economic and technological cooperation.

In face of international financial crisis, major natural disaster and communicable disease outbreak, China and ASEAN have mutually helped each other and overcome many difficulties, Li said, concluding that China-ASEAN cooperation has become an example for regional cooperation.