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The fundamentals of China's economic development have remained steady and positive over the past 11 months. China's gross domestic product posted an increase of 6.7 percent year-on-year in the first three quarters, above the government's target of 6.5-percent.

"Facing various challenges, we must have a stronger sense of urgency, be rational in approach and look beyond the horizon. We must fulfill our responsibility and steer the global economy in the right direction," he told the G20 leaders.

This year marks the fifth anniversary of the China-proposed Belt and Road Initiative.

During the visit, the two Leaders held a bilateral meeting, wherein they recalled the history of friendly exchanges between China and the Philippines, charted the course for the future of China-Philippines bilateral relations, had in-depth exchange of views on regional and international issues of common interest, and reached important consensus.

He pledged that China will increase its input for the development and prosperity of the Asia-Pacific region.