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Efforts should be made to balance stabilizing growth and guarding against risks, Xi stressed.

Xi called on the two sides to further synergize their development strategies and jointly build the Belt and Road Initiative.

During the Feb. 21-24 talks, the seventh round since February last year, Chinese and U.S. negotiators further implemented the important consensus reached by the presidents of the two countries during their December meeting in Argentina, and focused their talks on the text of an agreement.

Noting close attention from the CPC Central Committee to the renovation of old towns and shanty areas, Xi said that the Party aims to create a more comfortable and better living environment for the people and solve problems they care about most so that they can enjoy modern life even in old hutong areas.

The Australian dollar (AUD), widely regarded as a barometer of global risk sentiment, extended marked gains against the greenback for three days during the week, i.e. Tuesday, Wednesday and Friday, ending the final trading day at 0.7133 per dollar, a sharp increase of 0.75 percent from the previous day.