Hangzhou, Sep 3 (IANS): Chinese President Xi Jinping met his US counterpart Barack Obama on Saturday and said China was willing to work with the US to ensure bilateral ties stay on the right track.

Xi met Obama in the eastern city of Hangzhou on the eve of the G20 summit, Xinhua news agency reported.

Xi urged the two countries to follow the principles of non-conflict, non-confrontation, mutual respect and win-win cooperation, deepen mutual trust and collaboration and manage and control their differences in a constructive manner in order to push forward continuous, sound and stable development of bilateral ties.

Noting that Hangzhou holds historic significance for Sino-US relations, Xi spoke highly of his previous meetings with Obama since 2013, which "produced important consensus".

Two-way trade, investment and personnel exchanges are at a high, Xi said, adding that both the countries had worked together in combating climate change, advancing negotiations on a bilateral investment treaty and establishing a mutual trust mechanism between the two militaries.

"All these have showcased the strategic importance and global influence of Sino-US relations," the Chinese president said.

Xi said China and the US have carried out fruitful cooperation under the G20 framework, and the two sides have maintained close coordination and communication with regard to the preparation of the G20 Hangzhou summit.

He said China hopes to work with the US and other parties to achieve fruitful results during the summit to inject momentum to the global economy while lifting confidence.