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Xi spoke positively of the focus Michelle Obama put on education. He said China had a tradition to respect teachers and attach importance on education. Education bears on a nation's future and the youth is the hope for a nation.
He hailed the rapid development of China-U.S. educational exchanges and called on young people of both countries to broaden their vision and knowledge, and enhance mutual understanding and friendship through exchanges.
Peng said China and the United States, having different culture and education, could learn from each other. She hoped more U.S. people to learn about China's time-honored history, civilization and development.
After the school visit, the two first ladies went to the Forbidden City.
Michelle Obama said her first day including exchanges with Chinese students and the Forbidden City was unforgettable.
She is scheduled to deliver a speech at Peking University on Saturday and visit the Great Wall on Sunday.
Michelle Obama will also visit Xi'an in northwest China's Shaanxi Province, an ancient city known for its museum of Terra Cotta Warriors, and Chengdu in southwest Sichuan Province, the hometown of pandas.
Xi wished Michelle Obama and her family a happy and unforgettable time in China.
Michelle Obama started her seven-day China visit on Thursday afternoon. She will conclude the visit on March 26.