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Giving bilateral ties a positive note, Westerwelle said developing relations with China is one of the priorities of the new government. Germany is willing to work with China to deepen pragmatic cooperation in various fields, he added.

China and Russia are each other's most important strategic partner of coordination. President Xi's successful state visit to Russia in March has produced important consensus for bilateral cooperation, and this is being implemented by the two sides, she said.

Hailing Xi's remarks as important and comforting, Mohammed Saqib, secretary general of India-China Economic and Cultural Council, said Xi's suggestion is essential for the G20 to boost trade and investment as well as financial security in the region.

"As the first meeting between the Chinese and Russian premiers since China's new government took office, the upcoming meeting is significant in deepening bilateral ties," Hua said.

Schwab said hosting the Summer Davos Forum in China, which is playing a responsible role in the global arena, is one of the most important decisions in the WEF's 42-year history. The WEF is confident in China's future development and is willing to continue to make efforts for cooperation between China and the world.