Beijing: Chinese President Xi Jinping on Thursday met his former US counterpart Barack Obama amid the escalating tensions after North Korea fired a long range ballistic missile capable of hitting anywhere in America. In his talks with Obama, Xi stressed that China and the US had an important responsibility to safeguard world peace and stability, as well as boost global development and prosperity. Xi briefed Obama on the major outcomes of the 19th National Congress of the Communist Party of China (CPC) held last month. The CPC endorsed a second five-year term for Xi and amended its constitution to add the 64-year-old leader's name and ideology, elevating him on a par with party founder Mao Zedong and his successor Deng Xiaoping. They called for enhanced communication, exchanges and cooperation between China and the US.