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Fourthly, Xi urged the G20 to stay committed to win-win cooperation to promote inclusive global development.

By trade, hard work and learning from others, China has helped transform the global economy, said Lagarde, adding that progress in China has played a significant role in boosting productivity, innovation and inadvertently raising the living standards of countries around the globe.

Xi said this year's Imperial Springs International Forum coincides with the 40th anniversary of China's reform and opening-up.

China, the second largest trade partner with the Arab world, has advanced technologies and expertise to help energy transformation in the Arab region through win-win partnership.

In his meeting with Prime Minister Henry Puna of the Cook Islands, Xi said China and the Cook Islands have upheld sincere friendship, mutual respect and equal treatment since they established diplomatic relations 21 years ago, and have achieved mutually beneficial and win-win results.