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Around 3 p.m., the leaders and heads of guest countries and international organizations joined Chinese President Xi Jinping to convene the 11th summit of the Group of 20 (G20).

With their total economy accounting for one fifth of the global economy and 70 percent of the Asian economy, the three countries have started the 10th round of negotiations on a free trade zone among them, which is expected to enhance industrial complementarity, explore potential in trade and investment and further integrate regional value chain.

Wang said China and the United States have completed a peer review of each other's fossil fuel subsidies under the G20 framework before the summit, which he said has helped advance the reform of the two countries' economic restructuring and contribute to global efforts against climate change.

On a new starting point, China's development could chart the course of the world's development as well as the agenda setting of the G20, said Su Ge, president of the China Institute of International Studies.

Hong Jinzhou, former mayor of Kaili City in Guizhou, stood trial for accepting bribes last year. He was found to have accepted bribes on more than 380 occasions and had attempted to cover up his misdeeds by periodically depositing funds, amounting over 55 million yuan (8.3 million U.S. dollars), in the clean governance fund.