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China, the largest developing country in the world, has expressed hopes that "a powerful, ambitious and legally binding deal" can be reached at the Paris conference on the basis of equity and the principle of common but differentiated responsibilities and respective capabilities.

Meanwhile, China and Brazil could boost bilateral trade, enhance financial cooperation, and make effective use of the BRICS New Development Bank as well as a package of financing arrangements between China and Latin America so as to provide financial support for promoting China-Brazil trade and investment, Xi said.

Such restrictive measures will help transform the economic growth pattern, reduce carbon emissions and conserve resources, he said.

Statistics show that China stands as the largest trading partner of Japan and South Korea, while Japan is China's second largest single-country trading partner and South Korea being the third, with the trade volume among them in 2013 adding up to over 681 billion U.S. dollars.

Explaining China's selection of the theme and priorities, Xi noted that although the world economy has walked out of crisis, the recovery remains highly fragile and growth underpowered.