DHAKA: Asian powerhouse China will host world leaders for the G-20 summit in 2016, Australian prime minister Tony Abbott said on Sunday at the conclusion of two days of talks in Brisbane.

Turkey takes over the presidency from Australia and will host the event in Antalya next year, but in a communique the group of the world's biggest economies said China would be home to the G-20 in 2016.

‘Australia looks forward to working with Turkey over the next year and it is my very great pleasure to announce that China will be the G-20 host in 2016,’ Abbott told a press conference at the conclusion of talks, reports The Straits Times.

The laid-back city of Brisbane has been in lockdown for the summit which has included US president Barack Obama and Chinese counterpart Xi Jinping.

BDST: 1642 HRS, NOV 16, 2014