New international institutions, mechanisms and laws — as well as the reform and improvement of existing ones — should no longer be dominated by the West. The shaping of a new global order should be done through multilateral cooperation.

Trump and Xi pledged to cooperate in the fight against the coronavirus pandemic, signaling a fresh detente.

China was gradually achieving results and was confident it could defeat the epidemic with no long-term consequences for economic development, Xi said.

"We had a very, very good negotiation."

China announced that its trade negotiators will travel to Washington early next month for talks with U.S. counterparts.

Vice Premier Liu He responds to higher tariffs from U.S. Trump also called for U.S. companies to move out of China.

A yearlong U.S.-China trade war boiled over on Monday as Washington accused Beijing of manipulating its currency after China let the yuan drop to its lowest point in more than a decade.

Levies would extend to nearly all Chinese imports, potentially affecting American consumers

Senior Chinese diplomat Wang Yi, who meet with U.S. Secretary of State Mike Pompeo on Thursday, said it was important for China and the United States to meet face-to-face and cooperate no matter how many problems may arise.

U.S. President Donald Trump on Tuesday warned China against waiting out his first term to finalize any trade deal, saying if he wins re-election in the November 2020 U.S. presidential contest, the outcome will be worse for China.