President Xi Jinping (R) Prince William, Duke of Cambridge (L), in Beijing on March 2, 2015. During the meeting, Prince William handed President Xi Jinping the invitation letter from Queen Elizabeth II.

President Xi will pay a state visit to Britain from Oct. 20 to Oct. 23, a statement announced by the British government on Tuesday said.

The news comes a week after British Chancellor George Osborne got back from China on a visit intending to strengthen economic ties between the nations.

President Xi and his wife, Peng Liyuan, will be hosted at Buckingham Palace, the royal residence said in the statement.

Prince William, the queen's grandson, visited China in March and personally handed President Xi the Queen’s invitation to visit Britain.

This will mark the first Sino-Anglo State Visit in a full-decade since President Hu Jintao visited Britain in 2005.