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"All in all, the favorable conditions are in place for the long-term, healthy and steady growth of the Chinese economy," Xi said.

Manoranjan Mohanty, former chairperson of the Institute of Chinese Studies in Delhi, said the reform and opening-up was a great revolution.

He agreed that the two nations need to solve current problems through equal dialogue and consultation so as to reach consensus on the future development of bilateral ties, adding that he is willing to make efforts to this end.

To better adapt to and guide technological innovation, Xi proposed that the G20 carry out an in-depth study on the application and impact of new technologies on a priority basis to explore new thinking and new ways of cooperation in this area.

Geng said China's established policy of promoting parallel development of China-EU and China-UK relations will not change, and China stands ready to work with the EU and the UK to make new contributions to world peace, stability and prosperity.