The ruling party needs to nurture conditions to "let the private economy create vitality", said Xi in a speech Thursday to a group of entrepreneurs, according to the official Xinhua News Agency.
Xi said both he and Trump have good visions for a healthy, stable development of the China-U.S. relations as well as expanding economic and trade cooperation, and they should make efforts to realize the wishes.
Trump also noted that talks have been progressing to the point where China seems more inclined to make a trade agreement and signaled the country may be feeling economic pressure.
China and the United States should work together to get their relations back on track, China's premier said in Beijing on Thursday, ahead of the U.S. midterm elections and a possible meeting between presidents Xi Jinping and Donald Trump.
Still, the telephone call did appear to improve the market sentiment, with stocks and yuan/dollar rates rebounding overnight and on Friday morning.
One of China's vice commerce ministers Wang Bingnan said on Saturday the country is willing to resolve trade issues with the United States through mutually respectful talks and on an equal footing, similar to past comments from Beijing.
"Both leaders attach great importance to China-U.S. ties and economic ties", Lu said.
Pompeo's comments were the latest slur to come out of Washington, which has accused Beijing of meddling in United States politics, conducting cyber espionage against aviation firms and hacking Trump's iPhone.
A Chinese state-owned company was charged on Thursday with stealing technology from U.S. chipmaker Micron Technology Inc., part of a Justice Department crackdown against China in cases of suspected economic espionage. "Ultimately, actions speak louder than words and all of the actions of the Administration indicate a continued fight, making it harder for a near-term resolution". Beijing would be unwilling to risk jeopardising its improving relations with Pyongyang and as a result had "very few tools to work with", he said. And he also attaches importance to a good relationship with Trump.
"There's no massive movement to deal with China", he said.
However, a senior Trump administration reportedly denied that Trump was preparing to make a deal, a CNBC journalist said in a Twitter post on Friday. "They all want to do it". And I said, 'You're not ready yet. "No, '" Trump said at the White House on October 26.
He said Trump said in a recent interview that if there are "promising policy discussions, I don't know about a full fledged deal, but if things go well, maybe some tariffs get withdrawn and maybe not".