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The government will also innovate its ways of administration to further promote fair competition, step up prudent and tolerating oversight, widen market access, improve tax services and create an enabling environment for entrepreneurship and innovation.

The Chinese leader also urged G20 members to cooperate more in education, training, employment, business start-up and wealth distribution-related mechanisms.

Starting in 2009, China's new energy auto industry experienced a robust expansion and it has become the world's largest market since 2015, according to a statement from the Ministry of Industry and Information Technology (MIIT).

Sixth, to build new pillars for people-to-people exchanges and cooperation, ensure the success of the China-ASEAN Tourism Cooperation Year, and issue a joint statement on tourism cooperation so as to consolidate public support and social foundation for bilateral relations.

China will unswervingly push forward relations with Palestine and the Middle East peace process, Xi said.