BUSAN, South Korea -- President Xi Jinping said here Thursday that economic and trade teams of China and the United States held in-depth talks and reached consensus on solutions to problems.

He made the remarks during a meeting with his US counterpart, Donald Trump, after landing in Busan for the 32nd APEC Economic Leaders' Meeting in Gyeongju, and a state visit to South Korea.

Noting that economic and trade interactions should remain ballast and driver of ties, not obstacles or sources of conflict, Xi called on both sides to focus on long-term benefits brought by cooperation rather than falling into vicious cycle of retaliation.

He also called on economic and trade teams of both sides to constantly narrow down the list of problems, and extend the list of cooperation based on the principles of equality, respect and mutual benefit.