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The two leaders met on the sidelines of a nuclear security summit in The Hague, Netherlands. This was their first meeting since Cameron visited China last December.
Xi urged his British counterpart to boost cooperation through such mechanisms as the China-Britain strategic dialogue, and work together on nuclear power, high-speed rail and finance projects.
According to the Financial Times, London has aggressively been pursuing Chinese investors as part of the UK Treasury campaign to bankroll nearly $80 billion worth of projects via foreign sovereign wealth funds and private capital.
Britain is considered the fourth biggest investment destination for Chinese companies; 18 such firms have already invested there, the Financial Times said.
This year marks the 10th founding anniversary of the China-Britain comprehensive strategic partnership.
Following his visit to The Hague, Xi will visit France and meet with his French counterpart Francois Hollande. The two leaders are expected to inaugurate celebrations marking the 50th anniversary of established diplomatic ties between the two countries.