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"If the Chinese economy grows at relatively high speed, it will benefit the whole region through trade and commerce," said Lim, who is also a former Philippine diplomat to China.

In their addresses, both leaders commended the progress of relations over the last seven years.

Tristram Sainsbury, a research fellow at the Sydney-based Lowy Institute for International Policy, hailed the Chinese presidency as one of the "most highly anticipated" years in the G20's short history as a high-level forum.

"China has the confidence and capability to maintain medium-high growth," Xi told world leaders.

Xi stressed the importance of regulating power within the military, demanding a strict system to regulate and supervise the use of power.