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Wang said Xi also expounded on China's principled propositions on global economic governance at the G20 summit, highlighting the importance of the guiding principles, rules and mechanisms, as well as the digital economy.

In his speech, Guo also stressed the need for fairer market competition as tech giants can use data monopoly advantages to hinder fair competition and obtain excess returns.

"Almost all of China's climate and energy targets in recent years have been met or exceeded," said Joanna Lewis, a professor of science, technology and international affairs at Georgetown University.

The two-day summit, along with three other key multilateral diplomatic events that the Chinese leader attended within less than two weeks, has seen Xi champion multilateralism and free global trade.

"We must monitor the complexity and spill-out effect of their business risks, defuse risks timely and forestall new, hidden troubles brewing systemic risks," he said.