Xi also emphasized that China and the US should cooperate more closely to defuse international crises and enhance coordination over regional hotspots. They should also strive to encourage the stability and prosperity of the Asia-Pacific region.
Ties between China and the US, the world's two largest economies, have become a key factor influencing global affairs, but they still suffer occasional setbacks.
The US has repeatedly complained about its trade deficit with China. Many US politicians said China has artificially kept the value of its currency low to boost exports.
Yet even though the value of the yuan has gained more than 25 percent against the dollar in recent years, the US trade deficit has increased.
China has consistently made its opposition clear to the US selling arms to Taiwan, which is a part of China.
Sino-American tensions were heightened in recent years by US strategic re-engagement in the Asia-Pacific region, especially in the South China Sea, where China and some countries have overlapping claims.
Tension could be further heightened this year by the US presidential race, when the candidates tend to play the China card to win more votes.
For instance Mitt Romney, the leading Republican presidential hopeful, has targeted China several times in public comments and says he will take immediate action if elected.
Henry Kissinger, Nixon's national security adviser in 1972, who also attended the Monday meeting, said that although the election campaign will hear different voices, it will not change the general trend of China-US ties moving forward.
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