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The Philippines is the last stop of Xi's three-country Asia-Pacific tour. He has visited Papua New Guinea, where he also attended the 26th Asia-Pacific Economic Cooperation Economic Leaders' Meeting, and Brunei.

Calling China and the Philippines "close neighbors with exchanges going back a thousand years," Xi said good-neighborliness, friendship and win-win cooperation are the only correct choice for the two countries.

"It is hoped that through this visit, the two sides will usher in a new era when 'competition is transformed into coordination,'" Abe said.

While achieving its own development, China will make greater contributions to helping countries around the world realize shared prosperity, Xi said.

Prohibited imports, endangered animals, plants and their byproducts, as well as autos and 20 other named products will not be able to take advantage of the favorable tax policies, the ministry said.