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Xi called on the two sides to promote mid- and long-term economic cooperation. China welcomes Kazakhstan to actively participate in the Shanghai Free Trade Zone, he said.

China is ready to join hands with all parties to carry forward the Five Principles of Peaceful Coexistence to safeguard regional and global peace, development, prosperity and stability, he noted.

The two sides agreed to maintain and promote the S&ED mechanism so as to further strengthen mutual trust and cooperation between the two countries, it added.

Li downplayed the importance of some economic data from the past two months when delivering his keynote speech to the 2014 Summer Davos, which opened Wednesday in north China's port city of Tianjin. At the meeting of more than 1,600 business leaders from across the globe, Li appeared more concerned by the job market.

Firstly, he said, China and Britain agreed to boost cooperation in nuclear power and high-speed rail, combining China's enormous market and advantageous equipment with Britain's advanced technology and innovative strength to realize joint creation and joint exploration of third markets.