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One of the goals of China's G20 presidency is to enable the G20 to transform from a crisis response mechanism focusing on short-term policies to one of long-term governance that shapes medium- to long-term policies, and solidify its role as the premier forum for international economic governance, he said.

"If we compare China's development to a wooden bucket. The amount of water a bucket can hold is determined by its shortest plank," Xu continued, adding that poverty is one of the short planks.

Former Philippine President Fidel Ramos visited Hong Kong as Duterte's special envoy earlier this month to pave way for talks with Beijing.

Cui called on the media organizations of the two neighboring countries to work together to lead the bilateral relations in the right direction, tell great stories of the bilateral cooperation and deepen the practical cooperation between them.

"China's goal of reform has been set and we will not deviate from it. China will take sure and firm steps in advancing reform and will not slow down its pace," he said.