China and Mongolia should take the chance to beef up cooperation as well as strategic mutual trust, President Xi Jinping told visiting Mongolian parliamentary speaker Zandaakhuu Enkhbold on Sunday.

The bilateral relationship is an important direction for China's diplomacy with neighbors, Xi said on the sidelines of the Boao Forum for Asia Annual Conference 2013.

Xi told the visiting chairman of the State Great Hural (parliament) of Mongolia that both sides should "show respect" on major issues including sovereignty, security and territorial integrity and take care of "each other's concerns".