"China and the US should respect each other, coexist in peace, and pursue win-win cooperation," he said.

Xi pointed out that both China and the US are at critical stages of development, and the "global village" of humanity faces multiple challenges.

"As the world's two largest economies and permanent members of the UN Security Council, China and the US need to increase communication and cooperation, each run their domestic affairs well and, at the same time, shoulder their share of international responsibilities, and work together to advance the noble cause of world peace and development," the Chinese president said.