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The president acknowledged that the emerging market countries and developing countries are encountering growing risks and challenges and are going through economic slowdown, as the world economy is still in a period of profound adjustment after the international financial crisis, which led to increasing instabilities and uncertainties.

"We would like to exchange our experience in development with other members of the center, including the lessons we have learned," he added.

While noting that a global recovery is still in great uncertainty, Zhang said all economies should stick to win-win cooperation by stepping up policy coordination, opposing protectionism and working to develop a community of shared destiny and interests.

To make judicial proceedings more transparent, the Supreme People's Court has established a website to publicize judgements and allow litigants to follow the progress of their cases. In 2014, 6.29 million judgments were published through the website.

Given China's economy has been undergoing the transition to the "new normal" after fast growth of more than three decades, it is necessary for the country to step up structural adjustment, transformation and follow the path of innovation-driven growth, Wang noted.