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-- The two countries should respect their differences in history, culture, tradition and social system, as well as development path and development stage, and learn from each other.

When meeting Chinese and U.S. enterpreneurs in Seattle on Wednesday, Xi stressed that there is great potential in China-U.S. economic and trade cooperation.

The Chinese government supports Chinese companies in going global. But we believe that this process should be market-oriented with companies being the main driver. The role of the Chinese government is to secure and create a favorable political environment and a fair legal framework for Chinese companies. This is what all governments are doing, and I think the Western countries are doing better than us. Even under market conditions, countries support the growth of their companies in various ways, and such measures should not be all labelled as government subsidy. China's system is different from that of Western countries. Due to historical reasons, Chinese companies perform many social functions, which are hard to measure with a simple arithmetic formula.

He also stressed the fight against poverty to make sure reforms benefit more people in a fair way.

Xi is now on the third leg of his U.S. trip in New York where he addressed on Saturday morning the United Nations Sustainable Development Summit at the UN headquarters during a landmark visit to the global body.