Xi welcomed each president and prime minister to the Group of 20 summit with a handshake and had an extended clasp with Barack Obama, with both men smiling despite protocol stumbles around the US leader's visit.
In a circular conference hall in Hangzhou -- the scenic eastern city left deserted by a vast security operation -- Xi told them the G20 "should work with real action, with no empty talk".
China is hoping a successful meeting will portray it as an assured and powerful nation ready to assume a role on the international stage that befits its status as the world's second-largest economy.
The G20 brings together representatives of 85 percent of the world's GDP and two-thirds of its population.
But experts expect the gathering to be short on substance, with no acute crisis pushing leaders to defy rising populist sentiment and to take difficult steps such as liberalising trade.
Xi said the global economy "still faces multiple risks and challenges including a lack of growth momentum and consumption, turbulent financial markets, receding global trade and investment".
The summit was preceded by a flurry of diplomatic activity on issues ranging from climate change and the war in Syria to international trade.
The US and China yesterday ratified the Paris climate accord, a crucial step towards bringing into force the pact against global warming.
UN chief Ban Ki-moon, who personally received the ratification documents from Xi and Obama, applauded them today for "making this historic step" and urged other G20 leaders to follow suit.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors


Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share


Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor


Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements


Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
