In the past week, Xi also had a host of face-to-face meetings with global leaders on the sidelines of the events, including a high-profile meeting with President Biden on Monday.

Both Xi and Biden emphasized the global implications of China-US relations, underscored the importance of establishing guiding principles for bilateral ties and agreed to push the relations back to a steady track.

On Saturday, Xi held a brief exchange with US Vice-President Kamala Harris in Bangkok and he expressed hope that both sides would reduce miscalculations and misjudgments and jointly push for bilateral ties to return to the track of healthy and stable development.

Harris said that the presidential meeting was a success, that the US doesn't seek confrontation or conflict with China and that both countries need to develop cooperation on global issues and maintain smooth channels for communication.

The meeting between Xi and Biden was followed by talks between China's central bank governor Yi Gang and Janet Yellen, secretary of the Treasury of the US, as well as a meeting between Chinese Minister of Commerce Wang Wentao and US Trade Representative Katherine Dai.

Foreign Minister Wang said the meeting charted the direction for China-US relations — preventing them from getting off course or out of control and finding the right way for the two nations to get along.

Xu Liping, director of the Center of Southeast Asian Studies of the Chinese Academy of Social Sciences, said the meeting between the presidents of China and the US unclogged channels of communication at various levels and added certainty and stability to the global landscape.

"There is no substitute for a leader-to-leader communication in navigating the ties between the world's largest economies, managing differences and ushering in further cooperation," he said.

Another highlight of the trip, Xu said, is that China reached key consensuses on the building of a bilateral community with a shared future with Indonesia and Thailand.

"The consensuses on the building of a bilateral community with a shared future between China and Indonesia, and China and Thailand marked a major breakthrough in China's neighborhood diplomacy and showcased a higher level of mutual political trust," Xu said.

Ren Qi in Moscow and Chen Weihua in Brussels contributed to the story.

[email protected]