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"The historic context and historic significance of this process mark a relocation of the world's geo-economic center, which was in the Atlantic, to the Pacific, and in the midst of this, China plays a leading role," said Delgado.

Acknowledging that economic globalization is a "double-edged sword" with skepticism these days, the leader of the world's second largest economy said he nonetheless believes that economic globalization is in keeping with the law of economics and delivers benefits to all.

The period will also cover the New Year's Eve of 2016, when up to a million people are expected to converge at Times Square to celebrate the "ball drop" ceremony and usher in the New Year.

He expressed the hope that the two sides will further tap potential in bilateral cooperation in production capacity, hydropower, tourism and other fields, and create new growth points, to inject fresh ideas and momentum into their ties.

In the communique, the six leaders agreed that expanding and deepening cooperation among SCO members are in line with the overall interests of the sustainable development of the regional economy.