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Xi put forward a four-point proposal, urging the group to steer the world economy responsibly, stay committed to openness and cooperation, and play a leading political role in nurturing favorable conditions for international trade and fighting climate change.

Davao is renowned for its strategic location and connectivity, a gateway to the rich resources and culture of Mindanao in the southern Philippines. It also accounts for around 40 percent of Chinese tropical fruit imports from the Philippines.

26.Both sides agree to exercise self-restraint in the conduct of activities in the South China Sea that would complicate or escalate disputes and affect peace and stability. Both sides also note the importance of confidence-building measures to increase mutual trust and confidence. In this regard, both sides affirm the importance of the Bilateral Consultation Mechanism on the South China Sea and the Joint Coast Guard Committee on Maritime Cooperation.

Referring to Portugal as a good friend and good partner of China in the European Union, Xi said China and Portugal properly resolved the question of Macao in 1999, setting an example for other nations in tackling issues left over from history through friendly negotiations, and laying the foundation of mutual trust and cooperation for the bilateral relations in the 21st century.

The two leaders agreed to expand cooperation based on reciprocity and mutual benefit and manage differences based on mutual respect, so as to jointly advance China-U.S. relations with coordination, cooperation and stability as the defining features.