Chinese President Xi Jinping (R) meets with Indian Prime Minister Narendra Modi in Buenos Aires, Argentina, Nov. 30, 2018. (Xinhua/Li Xueren)

BUENOS AIRES, Nov. 30 (Xinhua) -- Chinese President Xi Jinping met with Indian Prime Minister Narendra Modi here Friday on the sidelines of the Group of 20 (G20) summit and they agreed to increase mutual trust and bring the bilateral ties to a higher level.

Noting that Friday's meeting is the fourth between the two leaders this year, Xi said that the various important consensuses between him and Modi are being earnestly implemented and the bilateral ties have witnessed stable development.

The China-India relations have seen an increasingly positive momentum, which not only brings strong growth impetus for the two countries, but also injects stability and certainty into the profoundly dynamic international situation, said Xi.

Xi said he is willing to maintain close communication with Modi and jointly lead the China-India relations to faster, better, and steadier development.

The two sides should utilize their dialogue mechanisms on political and diplomatic affairs, border issues, security, economy and trade, and cultural exchanges to strengthen communication and increase mutual trust, said Xi.

The two sides should deepen their practical cooperation, expand bilateral trade, and enhance cooperation on investment, healthcare, poverty reduction, environmental protection and disaster prevention and relief, said Xi, who also called for broader cultural exchanges between the two countries.

The two sides should explore ways to carry out cooperation with third parties in a broader scope and strengthen coordination and cooperation in multilateral organizations such as the United Nations, BRICS and the Shanghai Cooperation Organization, said Xi.

Noting that the global economy is facing growing risks, Xi said that China and India should increase coordination and cooperation and join hands for proper responses to such risks.

The two sides should adhere to innovation-led growth and deepen reform so as to keep a steady and rather fast economic growth, said Xi.

Xi also urged efforts to promote South-South cooperation, and highlighted the need to adhere to the core values and principles of the World Trade Organization, and to safeguard the development space and rights for developing countries.

The two sides should work together to build an open world economy, and make economic globalization more open, inclusive, balanced and beneficial to all, said Xi.

President Xi attaches great importance to the India-China ties and gives a vigorous boost to the relations, said Modi.

India appreciates China's timely offer of hydrologic data, which is of great importance for flood management in India, said Modi.

The Indian side is willing to increase mutual trust with China, and make good use of the meeting mechanism of the special representatives of China and India on the boundary issue and maintain peace and stability in the border areas, said Modi.

The Indian side is also willing to push forward various dialogues with China and deepen communication and cooperation on trade, medicine, telecommunication, tourism, law enforcement as well as in multilateral affairs, said Modi.

Modi said he is ready to work with Xi to bring the India-China ties to a new level.