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Sergi Ivanovich, an official at the Chamber of Commerce and Industry of Russia, said Xi's proposal to establish an SCO development bank and an SCO special account is very necessary as they would provide a good financing platform from which SCO member states can get aid when they meet natural disasters and financial crisis.

Such cooperation would inject new vitality into bilateral trade and investment cooperation, said the document.

During the meeting, Li reiterated that China will continue pushing ahead with the drive of reform and opening up, and the country is ready to work with all other countries to create a peaceful and stable international environment in pursuit of reciprocity.

The two groups could complement each other in safeguarding regional security, he said.

The Chinese leader urged the G20 major economies, which account for 80 percent of world trade, to have a sense of crisis and assume the responsibility to advance a new round of global trade expansion.