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This year is the first year for implementing the outcomes of the Johannesburg Summit of the FOCAC in 2015. China announced ten major China-Africa cooperation plans for the next three years, backed by 60 billion U.S. dollars, including interest-free loans and preferential policies.

Addressing the opening ceremony of the Business of 20 (B20) summit in the eastern city of Hangzhou, Xi said China has the confidence and ability to maintain medium-high rate of growth as the country continues to deepen reform, pursues an innovation-driven development strategy, and opens up wider to the outside world.

The 2030 Agenda for Sustainable Development, endorsed and launched at the UN Summit for Sustainable Development last year, including 17 Sustainable Development Goals (SDGs) and 169 targets, is a blueprint for eradicating poverty across the world for the next 15 years.

According to the Chinese top diplomat, China and the United States share more common interests and their cooperation bears more strategic significance than ever before.

By 2020, advances should be made in reforming the leadership and management system, as well as the joint battle command system, Xi said, citing the timetable outlined in the reform plan.