"As I have stated at the BFA annual conference this year, economic globalization is an irreversible trend and the future and destiny of countries in the world have never been as closely linked as they are today," Xi said.

"Facing the problems caused by economic globalization, conformism will not be a solution while the only way out is multilateral coordination," he said.

Xi reiterated that the door of China's opening-up will not be closed but will only become wider and wider.

"We will adapt to openness and score development in an open environment," he said.

"China will firmly support multilateralism, safeguard the multilateral trading system and strive to build an open world economy," he said, adding that "China is committed to promoting economic globalization towards a direction that is more open, inclusive, and balanced so that its benefits are shared by all."

Noting his announcement of a new round of initiatives to expand opening-up at the BFA annual conference, Xi said those initiatives would be implemented as soon as possible to bring greater development opportunities to Asia and the world.

For his part, Ban thanked the Chinese government for its support for the BFA. He said that under the current situation, the forum needed to send out clear messages supporting globalization and free trade.

Ban proposed to promote Asia's openness and innovation with the help of the Belt and Road Initiative to achieve better development.

In the long run, the forum should go beyond Asia and become an important platform for promoting the harmonious coexistence of the people of the world, Ban said.

Yang Jiechi and Wang Yi were present during the meeting.