Full coverage: G20 Hangzhou Summit

On the sidelines of the summit, Russian President Vladimir Putin has spoken highly of China's economy and how it affects the global economic development. 

Chinese President Xi Jinping meets with Russian President Vladimir Putin, who is here to attend the Group of 20 (G20) summit, in Hangzhou, capital of east China's Zhejiang Province, Sept. 4, 2016. (Xinhua/Ding Lin)

He said, "China has put tremendous efforts in preparing for the G20 summit. Its organization was well done. Although there were different views over some issues, we negotiated and eventually signed some agreements. This is how I feel."

"Statistics suggests that China still leads the world economic growth. Everybody eyes on China's economic development because it has a great impact on the global economy."

"For Russia, we are pleased to see China's growth as it is our largest trading partner. Although bilateral trade volume has dropped slightly, our confidence is unswerving."

"More importantly, we aim to change trade structure. Russia's export of machinery equipment to China has increased. We have a number of cooperative projects, not only in the nuclear sector, but also in aviation manufacturing, airspace, and electronic product industries. Trade quantity and multi-lateralism are some of the advantages of our bilateral cooperation."