ST. PETERSBURG - Chinese President Xi Jinping met here on Wednesday with his Mexican counterpart Enrique Pena Nieto on the sidelines of the Group of 20 (G20) summit to be held on September 5-6.

It was the third meeting in this year between the two heads of state. It followed talks held in April on the sidelines of the Boao Forum for Asia in China's southern Hainan province and during Xi's state visit to Mexico in June.

The meeting with the Mexican president was also Xi's first official event after he arrived in St. Petersburg earlier on Wednesday.

During the meeting, Xi said the China-Mexico relationship has entered a new phase, and the consensus reached at the last meeting between the two heads of state is being actively implemented, a process that has witnessed remarkable progress.

Chinese President Xi Jinping (R) meet on Wednesday with his Mexican counterpart Enrique Pena Nieto in St. Petersberg. [Photo/Xinhua]

Meanwhile, Xi said, the two countries should take solid steps to advance their cooperation in various fields in order to enrich the comprehensive strategic partnership between the two countries.

China and Mexico should focus on expanding two-way investment and deepening cooperation in economy, trade and infrastructure, Xi noted.

The two governments should create better conditions for investment and market access in each other's country, the Chinese president said, adding that he hopes both sides will speed up negotiations on setting up a China-Mexico investment fund.