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Looking into the future, Li said Asia and Europe, with a total population of more than 4 billion, over half of the world's GDP and nearly 70 percent of global trade, enjoy broad prospects of development and cooperation, given their economic diversity, abundant natural resources and huge market potential.

"China is willing to dovetail development strategies with Myanmar and strengthen cooperation in such areas as infrastructure construction, education, healthcare and water conservancy projects to support the economic development and improvement of people's livelihood in Myanmar," he said.

The success of the G20 summit is in line with the benefits of all sides including China and Japan, the Chinese foreign minister said.

In order for the world economy to break away from the slow-growth rut and realize sustainable development, many experts agree, the G20 needs to further strengthen international macro-policy coordination and shift its primary function from crisis response to long-term governance.

The 7.8-magnitude quake struck the city of Tangshan in Hebei Province on July 28, 1976, killing more than 240,000 people and destroying virtually all buildings.