The measures -- including shortening negative list on foreign investment, creating more pilot free trade zones and expanding imports -- "together form a very competent, strategically-oriented and promising economic policy. All this demonstrates the advantages of cooperation with China," he said.

Meanwhile, Xi's speech "is a call for G20 members to accept the rules of the game before the world economy becomes completely unbalanced, to improve global governance and to give globalization processes the right direction."

Adhere Cavince, an international relations expert in Kenya, said Xi "once again took the frontline to champion long-term development which could hoist economic well-being and shared prosperity for the whole of humanity."

"By emphasizing a common interest approach rather than differences, President Xi has laid the ground for a consensus-driven" approach that would benefit all, he noted.

"A cooperative and consultative approach to international affairs would also steer the world away from military confrontation and economic crisis into more productive paradigms such as economic inclusion and prosperity," he added.

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