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He said China would unswervingly pursue the path of peaceful development, promote common development, expand opening-up and cooperation, carry on its tradition of independence and pursue extensive consultation, joint contributions and shared benefits with other countries.

The top CPC leadership, led by Xi, have been fully aware of the economic conditions and made decisions in a targeted manner.

"Economic globalization represents the trend of history. Like the world's great rivers, the Yangtze, the Nile, the Amazon and the Danube -- they all surge forward in relentless flow, and nothing can stop their mighty movement," he said.

Stressing that fairness and justice should be upheld to advance the reform of the international financial system, Wang said the G20 should continue to provide political guidance for the reform, push for the early launch and substantial progress of the International Monetary Fund's 16th general review of quotas, and increase the representation and voice of emerging markets and developing countries.

China's management of change, rooted in its long-standing philosophical ideas, is what Peyman found behind the nation's success.