U.S. President Donald Trump on Friday lauded the "very, very good conversation" he had with Chinese President Xi Jinping Thursday night.

"I had a very, very good conversation ... yesterday with the president of China. It was a very, very warm conversation," Trump told a joint news conference with visiting Japanese Prime Minister Shinzo Abe at the White House.

Trump said that he and President Xi discussed "a lot of subjects" during the long phone talk, the first since his inauguration on Jan. 20.

Trump said China and the United States are "on the process of getting along very well," which he said will also be very much beneficial to every country in the Asia-Pacific region, including Japan.

The United States is currently holding talks with various representatives of China on the issues concerned, he added.

The White House said Thursday night that Trump and Xi held an "extremely cordial" phone talk, during which they both extended best wishes to the people of each other's countries.

They also extended invitations to meet in their respective countries as the two sides will engage in discussions and negotiations on various issues of mutual interest.

Most importantly, Trump agreed to honor the one-China policy, the political foundation of the China-U.S. ties in the past decades, which only recognizes Beijing as the sole legal representative of China.

During the phone call, President Xi said that China is ready to boost mutually beneficial cooperation with the U.S. in various fields such as trade and economy, investment, science and technology, energy, culture and infrastructure.

China will strengthen coordination and communication with the U.S. on regional and international affairs to jointly safeguard world peace and stability, Xi added.

The Xi-Trump talk came amid rising concerns that the China-U.S. ties could be headed toward renewed tensions due to their frictions on issues such as Taiwan, trade, currency and maritime disputes.