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Xi also called for expanding South-South Cooperation to strengthen cooperation between countries in Asia and Africa and countries in Latin America and South Pacific region, and improving the mechanism of South-South cooperation to increase the representative and say of developing countries in international system.

Xi is also set to deepen win-win cooperation with the three nations, push forward the construction of the Silk Road Economic Belt while seeking common development with existing economic belt initiatives.

China and Peru have profound traditional friendship, extensive areas of practical cooperation and increasing common interests, Li said, adding that he wishes to consolidate the friendship and mutual trust with Peru and explore more opportunities for mutual cooperation in industrial capacity.

In a meeting that touched on many other aspects of global economic affairs, Li emphasized that China and the United States should jointly advance liberalization and facilitation of global trade and investment. He petitioned Lew over the United States relaxing limits on exports of high technology to China.

The theme for this year's conference is "Asia's New Future: Toward a Community of Common Destiny".Full story