Chinese President Xi Jinping on Monday called for improving global digital and trade governance and building a world economy characterized by innovation and openness.

Xi made the remarks at the second session of the 19th G20 Summit in Rio de Janeiro, Brazil.

The Chinese president called for improving global trade governance and restoring normal functioning of dispute settlement mechanism as soon as possible.

"We should press ahead with reforming the World Trade Organization, oppose unilateralism and protectionism, and restore the normal functioning of the dispute settlement mechanism as soon as possible," Xi said.

The G20 members should keep in mind that mankind lives in a community with a shared future, see each other's development as opportunities rather than challenges, and view each other as partners rather than rivals, he said.

Xi also called for expediting the green and low-carbon transition of the world economy.

"Energy transition and energy security is a major issue. We should follow the approach of 'establishing the new before abolishing the old,' and replace traditional energy with clean energy in a stable and well-ordered way," Xi said.

It is important to "avoid politicizing economic issues, avoid fragmenting the global market, and avoid taking protectionist moves in the name of green and low-carbon development," he said.

Moreover, Xi said it is urgent for all sides in the Palestinian-Israeli conflict to stop fighting and end the war.

"The fighting in Gaza has inflicted deep suffering on the people. It is urgent for all sides to stop fighting, end the war and provide support for easing the humanitarian crisis in the region and for postwar reconstruction," Xi said.

"The fundamental way out of the cycle of Palestinian-Israeli conflict lies in the implementation of the two-state solution, the restoration of Palestine's legitimate national rights, and the establishment of an independent State of Palestine," he added.

Xi also called for de-escalating the Ukraine crisis and seeking a political settlement.

"To de-escalate the Ukraine crisis and seek a political settlement, we should follow the principles of no expansion of the battlefields, no escalation of hostilities and no fanning flames," he said.

(With input from Xinhua)