BEIJING -- Chinese President Xi Jinping met with representatives from American business, strategic and academic communities in Beijing on Wednesday.

"The success of China and the United States is each other's opportunity. As long as both sides treat each other as partners with mutual respect, peaceful coexistence and win-win cooperation, China-US relations will get better," Xi said.

"China's economy is healthy and sustainable," Xi said, noting that China's growth rate was one of the fastest among major economies last year.

Xi said China is planning and implementing a series of major measures to comprehensively deepen reform, foster a world-class business environment that is market-oriented, law-based and internationalized, and provide broader development space for international businesses including US companies.

Xi urged the United States to work with China in the same direction, establish a correct strategic perception, and properly handle sensitive issues to maintain the momentum for bilateral relations to stabilize from a downward spiral.

The attendees included Evan Greenberg, chairman of the National Committee on US-China Relations, Stephen Schwarzman, chairman and CEO of the Blackstone Group, Cristiano Amon, president and CEO of Qualcomm, Graham Allison, founding dean of Harvard's John F. Kennedy School of Government, and Craig Allen, president of the US-China Business Council.