China's sustained growth to benefit world economy

The ongoing restructuring meant China was striving to turn away from heavy investment in the real estate and export sectors, and a reliance on energy and resources, and moving towards a consumption-driven, environmentally friendly growth path, Tiberghien said.

Nicholas Borst, a senior fellow with the Washington-based Peterson Institute for International Economics, said Xi's speech showed China was looking forward to a stable international economic environment during its economic transition.

The Chinese leader delivered the message that China was willing to accept a little less growth today for more sustainable and balanced growth in the future, he said.

Win-win global cooperation

Alexandroff said Xi's speech showed China considered the G20 an important platform for enhancing cooperation with the other countries and supporting each other to gain win-win results.

Nandan Unnikrishnan, vice president of India's Observer Research Foundation, said Xi's proposal for global economic governance was "positive and constructive" against the backdrop of an interconnected world where the development of one country relied on the others.

He said he agreed with Xi's proposal to build the G20 platform into an important force for stabilizing the world economy, creating an international financial safety net and amending global economic governance.

Tiberghien said he totally agreed with Xi's proposal to amend global economic governance and make it fairer.

Within multilateral frameworks such as the G20 and BRICS (Brazil, Russia, India, China and South Africa), Tiberghien said, China had always called for a spirit of win-win cooperation to safeguard common interests and realize common development.

Alexey Rodionov, coordinator of the Confucius Institute of St. Petersburg State University, said Xi's speech fully reflected the responsibility on China shoulders for world stability and prosperity.

China stuck to the strategy of sustainable development and positively promoted the adjustment of the economic structure, which played an important role in maintaining global economic stability, he said.

Alexander Storozhuk, a professor at the Faculty of Oriental Studies of St. Petersburg State University, said, with close links to the world economy, the stable development of the Chinese economy had positively promoted the world economy.

He said Xi's urging for international financial institutions and the International Monetary Fund's quota formula to be reformed not only showed China had confidence in the sustainable development of emerging economies, but also reflected the role emerging economies played in the world economy.

Gu Xuewu said Xi's stress on awareness of a global community that shared a common destiny in his speech recognized the interrelationship among economies and showed China had confidence in building this community.

In a globalized era, countries had closely connected interests and only through cooperation could they gain win-win results, he said.

Han Jae-jin, a researcher with South Korea's Hyundai Research Institute, said Xi's speech highlighted the need to improve the status of emerging economies at the global stage as they played an increasingly important role amid the world economic downturn and weak growth of developed economies.

The voice of China, one of the most influential countries, was significant in strengthening the position of emerging economies in the world. The speech also showed China, as a major economy, played an increasingly important and responsible role in the international community, he said.