Noting that economic globalization is an irresistible trend of history, Xi stressed the need to uphold openness and win-win cooperation to safeguard the international economic and trade order.

Countries cannot thrive without an international environment of open cooperation, and no country can afford to retreat into self-imposed isolation, he said.

"No matter how the international landscape may evolve, we must stay committed to building an open global economy, so as to share opportunities and achieve win-win outcomes in openness," Xi said, calling for efforts to oppose all forms of protectionism.

"We should promote a universally beneficial and inclusive economic globalization, place development at the heart of our international agenda, and ensure that Global South countries participate in international cooperation as equals and share in the fruits of development," he said.

The Chinese president also emphasized the importance of BRICS countries managing their own affairs well in order to cope with external challenges.

Accounting for nearly half of the world's population, around 30 percent of global economic output and one-fifth of global trade, the BRICS countries are also home to major natural resources, big manufacturers and vast markets, Xi said.

"The more closely we work together, the more resilient, resourceful and effective we are in addressing external risks and challenges," he said, expressing China's readiness to work with fellow BRICS countries to implement the Global Development Initiative and advance high-quality Belt and Road cooperation.

He also encouraged BRICS countries to leverage their respective strengths, deepen practical cooperation and produce more outcomes in such areas as trade and the economy, finance, science and technology, in order to deliver more practical benefits to their peoples.

mojingxi@chinadaily.com.cn