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It would be "a very healthy thing" if the two leaders could show some real progress towards reaching the treaty, said Fred Bergsten, a senior fellow and director emeritus at the Washington-based Peterson Institute for International Economics (PIIE).

That China's future is bright is not just a local meme, but one shared by the whole world. In the first eight months of the year, foreign direct investment grew 9 percent to over 85 billion U.S. dollars.

So far, Britain, with 150,000 Chinese students studying here, has established 29 Confucius Institutes and 126 Confucius Classrooms on its soil, both ranking first among European countries.

In addition, China will exempt the debt of the outstanding intergovernmental interest-free loans due by the end of 2015 owed by the relevant LDCs, landlocked developing countries and small island developing countries, the president said.

Some U.S. state and city governments also set ambitious carbon-reduction targets.