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He thanked China for its consistent and firm support to Argentina in its fight for safeguarding national sovereignty and legitimate rights and interests.

"This is a legal obligation under the Convention. It is neither 'aid' nor 'charity', nor is it the same as development assistance," according to a statement released by the G77 and China on Wednesday at the ongoing 21st Conference of the Parties to the United Nations Framework Convention on Climate Change (UNFCCC).

To ensure smooth implementation of the initiatives, Xi announced, China will offer 60 billion U.S. dollars of funding support, including 5 billion dollars of free aid and interest-free loans, 35 billion dollars of preferential loans and export credit on more favorable terms, 5 billion dollars of additional capital for the China-Africa Development Fund and the Special Loan for the Development of African SMEs each, and a China-Africa production capacity cooperation fund with the initial capital of 10 billion dollars.

Firmly following the right orientation of the development of biliteral ties by leaders of the two countries from the strategic level, upholding the five principles of peaceful coexistence, carrying out cooperation on the basis of win-win and collaborating closely in regional and international affairs to safeguard the interests of both countries and interests of developing countries have contributed to the healthy and steady development of the bilateral ties, the Chinese leader added.

The two had a candid and in-depth exchange of views on issues including bilateral ties, legislative exchanges and climate change.