"My feeling toward you is an incredibly warm one — as we said, there is great chemistry," Trump said.

On bilateral trade, Trump said the US "really has to change its policies because they've gotten so far behind on trade with China, and frankly, with many other countries".

Trump said he believed that "there is a solution" to the Korean Peninsula nuclear issue.

Zheng Zeguang, vice-foreign minister, told reporters on Thursday that China will sharply ease market access in financial sectors including banking, security funds and insurance, and gradually cut taxes on imported cars, in line with its own timetable and road map.

The two sides agreed to continue to fully implement all of the UN Security Council resolutions on the Korean Peninsula nuclear issue, maintain pressure regarding the nuclear activities of the Democratic People's Republic of Korea, and promote peaceful resolution of the issue through dialogue and negotiation, he said.

The two countries are dedicated to maintaining the global nonproliferation system and refuse to acknowledge the DPRK's status as a nuclear weapons-possessing nation, Zheng said.

The two presidents highlighted the importance of bilateral military ties, he said, adding that China welcomes US Secretary of Defense James Mattis to visit China in the first half of next year, and the US welcomes a Chinese high-level military delegation to visit the US.

During their talks, Xi elaborated China's principle and stance on the Taiwan question, and Trump reaffirmed that the US will continue to adhere to the one-China policy, Zheng said.

Contact the writers at anbaijie@chinadaily.com.cn