"My party has only been in power for two months. It gives us an opportunity to raise our standard of living (and) growth rate", Khan said.
"Countries go in cycles". Unfortunately, our country is going through a low point at the moment with two very big deficits, a fiscal deficit and a current account deficit.
Xi responded by saying Beijing values its "all-weather" relationship with Islamabad.
In recent years, China has refrained from taking a public stance on the India-Pakistan ties, expressing hope for resolution of the disputes through dialogue.
India has also been protesting the China-Pakistan Economic Corridor (CPEC) project, which is a slew of infrastructure projects that are now underway through Pakistan.
Pakistan and China signed 15 agreements during delegation-level talks between the two countries at the Great Hall of the People in Beijing.More news: Facebook Private Message Hack: Are We Going to Be Affected?
Commenting on CPEC, Kong said there were no plans to scale back the economic corridor, but he added that it would be altered somewhat to "tilt in favour of areas relating to people's lives".
"Both sides noted with satisfaction that Chinese and Pakistani banks have operations in both countries".
In political relations and strategic communication, both sides stressed that they will continue to view bilateral relations from a strategic and long-term perspective.
Our relationship is multidimensional, said the premier, adding that Pakistan can also learn from how China dealt with its mega metropolis issues like sewerage systems, threats to the environment and pollution.
On the occasion, an official welcome ceremony was held in honor of the prime minister.
Mr Khan's trip to China comes amid unrest at home over the acquittal of a Pakistani Christian woman on death row for blasphemy. Whenever we needed help, China came forward. "Pakistan has always been regarded as a foreign policy priority by China". The prime minister shared his socioeconomic reform agenda with the Chinese business leaders.
Asked about the cooperation on counter-terrorism, Kong said: "all areas of cooperation have been covered and we also expressed positive wish for strengthening cooperation". He said no other nation in human history had been able to achieve this success.More news: SRK Greets Thousands Of Fans Outside His Residence ‘Mannat’ On 53rd Birthday
He said his government and party wanted to learn from China in this area because white-collar crime was very hard to detect. Now we seeks Chinese help to cope with the white-collar crimes.
During the meeting, Khan thanked President Xi for extending warm hospitality to him and his delegation in China. Pakistan as a solvent country would repay its debts, he said. Discussions of the new funding were expected to dominate Khan's visit.
China will provide "necessary support" to Pakistan to tide over the present financial crisis but declined to reveal the amount, Vice Foreign Minister Kong Xuanyou told media after the talks.
Earlier, on arrival at the Great Hall of the People, the Chinese Premier accorded warm welcome to Prime Minister Imran Khan.
The CPEC involves a host of projects connects China's Xinjiang province with Pakistan's Gwadar port in Balochistan province.
The meeting was held in a spirit of mutual understanding, longstanding friendship, and close cooperation.
China's stand he said is that the "cooperation between China and Pakistan has nothing to do with the territorial dispute and will not affect China's principled position on Kashmir", he said.More news: USA charges financier, former Goldman bankers for 1MDB