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China and Russia, each other's biggest neighbors and in a comprehensive strategic partnership of coordination, have seen their relations develop in a sustained, stable and sound manner, and pragmatic cooperation continuously bears new fruits, said Li during his meeting with Medvedev.

China will promote intensive agricultural development to help reduce poverty and facilitate urbanization to benefit ordinary rural households, Xi added.

"This visit opens great expectations to find new sources of financing and cooperation. The commercial ties with China are very important. It (China) is a very important supplier of many goods for us, which is very positive," Acosta Burneo told Xinhua.

Regarding regional financing, the Chinese premier urged member states to take full advantage of regional financing platforms like the SCO Interbank Consortium, the Asian Infrastructure Investment Bank, the Silk Road Fund and the BRICS New Development Bank, among others.

Xi's speech showed that China is willing to open up its market and narrow down the polarization of wealth. China's development will be an impetus for the development of the Asia-Pacific region, Picasso said.