Its contribution to global growth has remained the highest for 15 years running. China has provided 63 billion U.S. dollars of development assistance to 166 countries and international organizations. The Belt and Road Initiative, proposed by Xi, has become the world's largest platform for international cooperation.

In view of the current circumstances, particularly the impact of the COVID-19 pandemic, Xi, in his address to the UN General Assembly in September, put forth a Global Development Initiative in a bid to steer global development towards a new stage of balanced, coordinated and inclusive growth.

"We need to foster global development partnerships that are more equal and balanced, forge greater synergy among multilateral development cooperation processes, and speed up the implementation of the UN 2030 Agenda for Sustainable Development," Xi said.

Addressing the Second United Nations Global Sustainable Transport Conference earlier this month, Xi reiterated China's dedication to common global development.

"We will contribute more to global development while pursuing our own development," he said.