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China has insisted on resolving disputes through peaceful ways and political means, rather than inciting conflicts or confrontation, he said, adding that his country will unswervingly stick to a path of peaceful development.

Via the construction of the Mombasa-Nairobi railway, Mombasa port and Mombasa special economic zone, China hopes to strengthen its cooperation with Kenya and aid the country's industrialization, Wang said.

On July 12, the Arbitral Tribunal for the South China Sea arbitration issued its so-called award, which attempts to deny China's territorial sovereignty and maritime rights and interests in the South China Sea.

All parties pledged in the China-ASEAN joint statement to return to the right track of resolving specific disputes through consultations by parties directly concerned.

Such governance should be about participation by all and benefits for all and encourage the sharing of interests and win-win prospects, Xi said at the opening ceremony of the Business 20 (B20) summit in the eastern Chinese city of Hangzhou.