The meeting would, if it goes ahead, be an unmatched landmark in the 70-year standoff between the USA and the isolated state. A senior administration official said days earlier North Korea would need to take "concrete steps" toward denuclearization before the United States would agree to talks.
Xi said he "hopes the United States and North Korea start contacts and dialogue as soon as possible and strive to reach positive results", the report said.
September 19: Trump tells the U.N. General Assembly the United States would "totally destroy North Korea" if forced to defend itself or its allies.
A commentary in China's official Xinhua news agency said that a Trump-Kim meeting would show "notable progress regarding the Korean Peninsula nuclear issue, and deserves applause from everyone, especially after the tit-for-tat vicious cycle as Washington and Pyongyang repeatedly traded threats that raised the specter of a nuclear war in the region a year ago".
The breakthrough brings the North Korean regime close to its long-desired aim of recognition on the worldwide stage, and offers Trump the tantalizing prospect of a historic diplomatic victory, although the consequences of such a high-stakes gamble remain hard to predict.
Gold prices extended losses into a third session on Friday as the dollar strengthened against the yen on the hope of easing tension between the U.S. and North Korea and ahead of USA nonfarm payroll data later in the day.
Donald Trump Expresses Approval of China's Xi Jinping's Indefinite Rule
On the military front, Premier Li said China has reduced the armed forces by 300,000 troops. China is now the world's second largest economy.
However, in his startling announcement at the White House Thursday night that Trump had agreed to meet with Kim, Chung said that Kim also "understands that the routine joint military exercises between the Republic of Korea and the United States must continue".
It "will not lead to North Korea s denuclearization".
Japanese Prime Minister Shinzo Abe talked to Trump and Tillerson on the phone to reiterate the necessity of maintaining pressure on North Korea.
"We're not going to have this meeting take place until we see concrete actions that match the words and the rhetoric of North Korea".
"The president will not have the meeting without seeing concrete steps and concrete actions take place by North Korea, so the president will actually be getting something", White House spokeswoman Sarah Sanders told a news briefing.
Domestic shares tracked broader Asia which rallied on news of the first U.S. - North Korea summit after Kim Jong Un offered to stop nuclear and missile testing.
United States adds 313000 Jobs in February
Economists had been expecting non-farm payroll growth of 200,000 and the unemployment rate to decline one-10th of a percent to 4%. Jobs grew 175,000 in December, 239,000 in January and 313,000 in February demonstrating a healthy and growing economy.
On Thursday at the White House, the head of South Korea's National Security Office, Chung Eui-yong, delivered Trump a message that he had received from Kim during a high-level meeting in Pyongyang.
But in an interview that aired April 30, he called Kim "a pretty smart cookie" - expressing admiration that the North Korean strongman "was able to assume power" at a young age.
Trump and Kim have repeatedly traded barbs in the past.
January 1, 2017: Kim Jong Un says in a New Year's address that preparations for launching an intercontinental ballistic missile have "reached the final stage".
The meeting is due to take place by the end of May.
Geneva Motor Show 2018: Rimac C_Two disappears before you blink
At the same time, it'll make sure that you don't get into trouble thanks to advanced, intelligent traction control. And instead of a key, it uses facial recognition technology to allow owners to unlock and start the vehicle .