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"It's a tough time in the U.S.-China relationship. We must avoid a trade war," Locke told the more than 500 leaders and experts in government, business, technology, academia, and media attending the two-day C100 annual conference, a premier forum on U.S.-China relations and Chinese-American advancement.

Xi pointed out that the relations between the two countries maintain a good momentum of development, and consensuses of the two leaders have been gradually implemented.

In Pingyao in north China's Shanxi Province, the local government has been handing out maintenance subsidies to residents since 2012. By last October, over 10 million yuan (1.6 million U.S. dollars) had been spent on the repair of 76 buildings.

China and ASEAN should continue to view each other's development as an opportunity, and align each other's development strategy under the principle of mutual respect, mutual benefit and win-win, in a bid to build a peaceful and friendly common homeland, Li suggested.

The establishment of a comprehensive strategic partnership elevates the two countries' relationship to a new height, he stressed.