"The two countries need to enhance mutual understanding, respect and consider each other's core interests and major concerns, and deal with sensitive issues in a constructive way," Xi said.

Secondly, both sides should work together to promote bilateral economic and trade cooperation.

He encouraged both countries to dovetail strategies, enhance cooperation in areas of finance, nuclear energy and investment, and explore cooperation in new areas such as artificial intelligence, green energy, the digital economy and sharing economy.

China supports economic globalization and trade liberalization, the president said.

The Belt and Road Initiative, a public, transparent, open, inclusive and mutually beneficial initiative, is operated under market rules and international rules in the principle of wide consultation, joint contribution and shared benefits, Xi said.

"China and Britain can carry out broader and more in-depth cooperation of higher standard within the framework of the Belt and Road Initiative," Xi said, referring to the initiative he proposed in 2013 that aims to achieve policy, infrastructure, trade, financial and people-to-people connectivity along and beyond the ancient Silk Road trade routes.

Thirdly, China and Britain should enhance exchange and cooperation within multilateral institutions such as the United Nations, G20 and the World Trade Organization to address global challenges including climate change.

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