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Another statement by the Foreign Ministry issued on Thursday added that Argentina is paying "great importance" to the Summit, as part "of its strategy of international insertion."

The world has been hoping for Chinese wisdom and prescription to cope with common challenges after the country took over the G20 presidency.

China has the confidence and ability to maintain medium-high growth as the country continues to deepen reform, pursues an innovation-driven development strategy, and opens up to the outside world, he told business leaders on the eve of the G20 summit.

"Protectionism is like drinking poison to quench one's thirst," Xi said, "The G20 should resolutely oppose the beggar-thy-neighbor policy, and advocate and promote the building of an open global economy."

Financial institutions should enhance credit support to companies that have received export orders, help them control exchange rate risks, and expand the coverage of export credit insurance, the statement said.