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China will face up to a lot of new situations and problems from 2016 to 2020, chief among them being the plateauing economy, the president noted.

If China can shepherd a process to renew these loans, and do so in a way that allows the IMF not to focus on its own governance but on global economic problems, then China will be contributing to improve global governance, Sainsbury said.

The country will further economic and trade cooperation with Myanmar, promote more bilateral cooperative projects under the framework of the Belt and Road initiative, he said.

Xi said, the history of the people's army is one of reform and innovation. "Under the leadership of the Party, the army has gone from small to large, from weak to strong, and from victory to victory," Xi said.

Earlier on Monday, Gong met with Jordanian Foreign Minister Nasser Judeh to discuss bilateral ties and the latest developments in the Middle East.