In the face of mounting global instability and uncertainties, Beijing stands ready to work with Ulan Bator in promoting the steady and sustained growth of bilateral relations and ushering in more benefits for the two peoples, guided by the vision of building a bilateral community with a shared future, Xi said.

The two nations can work together on the path toward national rejuvenation and modernization and set an example for integrated development and a shared future, he said.

Xi urged the two sides to respect each other's independence, sovereignty, territorial integrity and development path, and to extend support to each other on issues concerning core interests and major concerns.

It is important to seek greater synergy between the Belt and Road Initiative and the Prairie Road development strategy; the Global Development Initiative and Mongolia's New Revival Policy; and China's two-step development strategy and Mongolia's long-term development vision until 2050, the president said.

Xi highlighted the need to further bilateral cooperation in information technology and the processing of animal husbandry products.