Xi made the appeal at an informal leaders' meeting of the BRICS, which groups Brazil, Russia, India, China and South Africa, ahead of a Group of 20 summit in the German port city of Hamburg, China's state-run Xinhua news agency reported.
He pressed the BRICS members to unswervingly build an open world economy, champion multilateralism and promote common development.
The five leaders exchanged views on the current international political and economic circumstances and the G20's priorities, and reached important agreements on strengthening BRICS unity and coordination, jointly improving global economic governance and promoting sustainable development, the report said.
Xi, also the General Secretary of the ruling Communist Party and head of the People's Liberation Army, who presided over the meeting, said, "We should unswervingly follow multilateralism."
He also urged the five-member bloc to push for "political and peaceful settlement of regional conflicts and disputes," the report said.
"Currently, the global economy is showing some positive signs, and the prospects for the development of BRICS countries are growing brighter in general, which is very inspiring," said Xi.
The leaders pledged to work together for positive results at the BRICS summit in the southeastern Chinese seaside city of Xiamen later this year, the report said.
China and India have been engaged in a stand-off in the Dokalam area near the Bhutan tri-junction for the past three weeks after a People's Liberation Army construction party attempted to build a road. Doka La is the Indian name for the region which Bhutan recognises as Dokalam while China claims it as part of its Donglang region.
Both the South China Sea and the East China Sea areas are stated to be rich in minerals, oil and other natural resources. They are also vital to global trade.
China claims sovereignty over all of South China Sea. Vietnam, Malaysia, the Philippines, Brunei and Taiwan have counter claims.
China also lays claim to tiny islands in the East China Sea between Japan and the Korean peninsula, and between Japan and Taiwan.
The US had also recently sent a navy warship near an artificial island in the South China Sea as part of the first "freedom of navigation" operation under President Donald Trump.
China has previously termed the US' move as "irresponsible" and warned that America's deliberate provocations would have "extremely dangerous consequences" to regional stability.
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