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BEIJING, Oct. 26 (Xinhua) -- Tasting fish and chips and a pint of Greene King IPA with British Prime Minister David Cameron in a pub in southeast England, Chinese President Xi Jinping had the opportunity to enjoy a local specialty during his recent visit to Britain.

They also reached consensus on new initiatives to boost internationalization of RMB, the upgrading of a bilateral free trade agreement, economic transformation, financial cooperation, cultural and people-to-people exchange as well as sustainable development.

Also on Friday, Li and Merkel attended a seminar with business leaders from both countries.

"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.

Economists also believe the anti-graft fight could benefit foreign companies operating in China as it will drive forward standards.