• Says Washington, Beijing both stand to lose from confrontation

•Agree that Strait of Hormuz must be open

Emmanuel Addeh in Abuja

China’s President Xi Jinping and his US counterpart Donald Trump yesterday agreed on a “new vision” of building a “constructive China-US relationship of strategic stability,” according to an official statement.

The Chinese Foreign Ministry statement said Xi stressed Washington and Beijing should be “partners, not rivals,” as the two leaders met in the Chinese capital for the Beijing summit.