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At the press conference, Cayetano expressed support to the China-proposed Belt and Road Initiative. Cayetano said the Philippines, chair of ASEAN (the Association of Southeast Asian Nations) this year, will include the initiative in the ASEAN development plan to further enhance ASEAN-China relations.

We need to plan well at the macro level and take concrete actions in key areas. Acting in the spirit of extensive consultation, joint contribution and shared benefits, we need to identify those areas where our development policies and priorities converge, and continue to work toward the goal of connectivity in trade and investment, currency and finance, and infrastructure. With a focus on structural reform and sustainable development, we need to expand our converging interests and share experience on innovation, entrepreneurship, industrial development and production capacity to boost our respective economic development. It is important to strike a balance between the speed of growth and the quality and efficiency of growth. By implementing the 2030 Sustainable Development Agenda, we have the opportunity to achieve balanced economic, social and environmental progress, and bring about interconnected and inclusive development.

In a recent "extremely severe" accident, at least 36 people were killed and 13 others injured on an expressway in northwest China's Shaanxi Province this month. "Extremely severe" refers to accidents that cause more than 30 deaths, leave more than 100 severely injured or result in more than 100 million yuan (about 15 million U.S. dollars) of direct economic losses.

On advancing military ties, Xi suggested that the two countries' defense ministers carry out an exchange of visits as soon as possible.

"We must remain committed to openness and mutual benefit for all so as to increase the size of the global economic 'pie'," said Xi, who is at the helm of the world's second-largest economy.