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Hailing Xi's appeal for upholding multilateralism, Jim O'Neill, chairman of the London-based think tank Chatham House, said safeguarding multilateralism amid the coronavirus pandemic is "exceptionally important."

China in recent years has put forward a series of important proposals in terms of international coordination, and the G20 provides a platform to discuss these proposals, said Yaroslav Lissovolik, program director of Russia's think tank Valdai Discussion Club.

The long-term investment capabilities of insurance funds are to be enhanced, while the supervision of assets and liabilities will be strengthened, and risk prevention and control stepped up. Differentiated regulatory ratio shall be adopted for equity assets involving insurance fund investments, up to 45 percent of the company's total assets.

Meanwhile, he suggested the two sides intensify communication and coordination on global issues such as sustainable development and climate change, and jointly uphold multilateralism and free trade.

Xi stressed the implementation of the Party's thinking on strengthening the military, as well as the military strategy, for the new era.