China to host G20 summit in 2016

Asian powerhouse China will host world leaders for the G20 summit in 2016.

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 G20 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 G20 host in 2016," Prime Minister Tony Abbott told a press conference at the conclusion of talks on Sunday.

Brisbane has been in lockdown for the summit which has included US President Barack Obama and Chinese counterpart Xi Jinping.