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As China is the world's largest developing country and Africa is the continent with the biggest number of developing and underdeveloped countries, their cooperation can serve as the most typical and representative example of South-South cooperation.

Li called on the two countries to make full use of the mechanism to strengthen political trust and organize people-to-people exchanges, economic and trade cooperation.

Cooperation among countries along the Silk Road Economic Belt and the 21st-Century Maritime Silk Road will encourage countries to further open up and bring forward greater international exchanges and integration on a much bigger scale, and henceforth provide stronger momentum for economic and social development in the Asia Pacific region, it said.

The Shanghai Composite Index once fell by nearly 2 percent in the morning session. Losses quickly narrowed on strong securities shares, but the upbeat sentiment in the sector failed to boost the broader market.

Xi's attendance at the Group of Twenty (G20) summit in Antalya and the Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting in Manila was very productive and demonstrated China's sincerity in and constructive attitude towards promoting global growth and advancing Asia-Pacific cooperation, said Chinese Foreign Minister Wang Yi.