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He warned the G20 leaders of accelerated accumulation of risks in global economy and pledged that China will firmly push forward a new round of reform and opening-up, with increased efforts in intellectual property rights (IPR) protection and more imports.

We should give priority to development in international economic policy coordination and have a clear focus on development when adopting policies and rules on trade and investment, IPR protection, the digital economy and other areas. By doing so, we can create more opportunities and a more enabling environment for the development of all countries as well as robust drivers and a stable environment for global growth. The principle of "special and differential treatment", which is a cornerstone of the WTO, is not to be challenged. Otherwise the very foundation of the multilateral trading system will be shaken.

Wang also called on people to understand China's history, saying that the Chinese civilization, which witnessed pains and glory, determined that China can only take a development path with its own characteristics.

The e-commerce giant launched the annual online shopping promotion on Nov. 11, 2009, a day celebrated by many Chinese young people as Single's Day. The date was chosen because 11-11 resembles four "bare sticks," a Chinese term for bachelor.

Some 200 former world leaders, renowned scholars and business elites gathered here to exchange their views on "Advancing Reform and Opening-up, Promoting Win-win cooperation".