US-China confrontation will be disastrous for world: Xi

China's confrontation with the United States would be disastrous, said Chinese President Xi Jinping, while suggesting the need for mutual respect between the two countries during the annual China-U.S. dialogue in Beijing.

U.S. Secretary of State John Kerry said in a statement that U.S. was not looking to control China, and that China should not interpret this as any strategy, reports the BBC.

He agreed that a confrontation between the two nations would be disastrous.

President Barack Obama said that the U.S. welcomed China's stability and prosperity.

U.S. leaders have also urged China to do its bit in maintaining peace and order in Asia.

US and China have had several disagreements recently, especially on the issue of cyber attacks.