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The president said China is willing to expand cooperation with Saudi Arabia in the sectors of infrastructure, manufacturing, finance, investment and energy.

Tourk told Xinhua that China aims to achieve sustainable economic growth while reforming the economy, "carrying out reforms is not easy during a time of global economic weakness."

China has suffered some of the world's worst natural disasters, which are diverse, frequent, hit many parts of the country and cause severe damage, Xi said during a meeting with provincial and city officials.

He said the new development concepts -- proposed in the country's roadmap for social and economic development for 2016-2020 -- shall be integrated throughout the entire process of China's social and economic development and its efforts to build a "moderately prosperous society" in an all-round way.

Chairing the G20 also offers China a unique opportunity to participate in the top-level design of global economic governance.