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The current situation in the South China Sea is "very unfortunate" for both China and the United States, as it seems to be setting the two countries on a "course of collision," the 68-year-old attorney observed.

Noting that the two countries have supported each other and carried out sincere cooperation during their respective development, Xi stressed that China will never forget its old friends.

It will accelerate implementation of transportation and infrastructure projects, hi-tech projects and beyond, Phuc said.

The 13th five-year plan period will be crucial for China to build a moderately prosperous society in all aspects and the first two years will be especially important for restructuring and transformation, Li noted.

During the High-Level Roundtable on South-South Cooperation co-hosted by China and the Untied Nations in late September, President Xi brought forth a four-point proposal and a package of initiatives to help boost development in developing countries.