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Explaining China's selection of the theme and priorities, Xi noted that although the world economy has walked out of crisis, the recovery remains highly fragile and growth underpowered.

BEIJING, Dec. 6 (Xinhua) -- The new initiatives launched by Chinese President Xi Jinping on Friday during a landmark summit to boost comprehensive cooperation with Africa will inject a strong impetus into the development in both China and Africa, and chart a clear course for an all-round partnership between the two sides.

The meeting will propose new measures and expand new fields for China-CEE cooperation, covering inter-connectivity, investment and trade, finance, agriculture, people-to-people exchanges and so forth, Wang said.

The 10-nation bloc with a total population of more than 600 million and a GDP of 2.7 trillion U.S. dollars is set to announce the establishment of the ASEAN community at the end of this year based on three pillars: political-security community, economic community and socio-cultural community.

John Kirton, a political science professor at the Munk School of Global Affairs with the University of Toronto, proposed that the G20 and China send out a strong signal of confidence to show that the G20 knows how to get economy back on track.