China-led initiatives 'open to all'

President urges leaders to boost cooperation, says economic challenges need global response

The global initiatives led by China are not intended to undermine any other countries' interests, but to inject greater openness into global economic governance by working with other countries, President Xi Jinping said on Saturday.

"China's opening-up drive is not a one-man show. Rather, it is an invitation open to all," he said in the keynote speech at the opening ceremony of the Business 20 Summit in Hangzhou, Zhejiang province.