The Second Annual G20 Think Tank Summit organized around the theme of "Great Finance and Global Comprehensive Growth," sponsored by Renmin University of China and organized by the Chongyang Institute for Financial Studies (RDCY), which is an important think tank at the university, closed in Beijing on September 4.

In the closing ceremony, the forum drew upon the collected wisdom of G20 think tank elites to publish "Financial and Comprehensive Growth World: Second G20 Think Tank Forum Joint Statement." The statement called for China to host the 2016 G20 summit in order to allow the global economy to share in the opportunities brought by China`s rapid development. This proposal grew out of the first global G20 think tank joint statement in last year. It is the world`s first joint statement since the first global G20 annual meeting was organized.

The think tank forum focused on three main themes: G20 and comprehensive growth strategy, financial reform and global governance, and the G20 and China. Before the forum closed, RDCY, the rising Chinese think tank, published the joint statement and introduced the first Chinese G20 think tank research paper.

The joint statement said that since the financial crisis began 6 years ago, the G20 system has made great contributions to the global economy`s path out of recession and back toward development. Over the next five years, the global economy will go through a critical period of transition toward sustainable development. However, Europe and the United States are recovering slowly and emerging economies still face difficulties. There are many risks in the international financial system without strong, balanced and sustainable development. Many developed countries face high unemployment and high debt rates, while a lot of developing countries worry about financial stability. These problems make it very difficult to achieve the global economic growth targets set for the G20.

Think tank scholars who participated in the forum are counting on Asia to lead the G20`s search for development solutions, calling upon China to host the 2016 G20 summit. Realizing the minimum 2% G20 GDP growth target by 2019, proposed in 2014, would bring new activity and hope to the global economy.

The joint statement also announced the initiation of the exploration of G20 think tank international communication channels, to better serve the development of the G20 system. It also called on G20 think tanks to attach importance to the ten big problems, which include comprehensive growth strategy, international financial management cooperation, trade facilitation and promotion of employment.

The G20 think tank forum began on September 3rd. Participants came from organizations in 20 countries and regions, including China, Russia, the US, India, Japan and the European Union. Representatives from the World Bank, the IMF and the United Nations also attended. The opening ceremony was jointly led by Chen Yulu, President of Renmin University of China, member of the Central Bank`s Monetary Policy Committee and Dean of the Chongyang Institute for Financial Studies at Renmin University of China, and Carlos Magarinos, Chairman of the Global Alliance of SMEs, former UNIDO Director General and RDCY Senior Fellow. Jimmy Carter, the 39th President of United States, gave the keynote speech.

In an interview with China.org.cn, Wang Wen, the Executive Dean of RDCY said, "In the five years from 2008 to 2013, China alone contributed 37.6% of global GDP growth, playing the role of global economic locomotive. In fact, the establishment of the G20 system and China`s involvement in global governance cooperation has great significance to the recovery of the global economy. China is willing and able to serve as president of the G20 in 2016 and will strive to share development experience and realize strong, balanced and sustainable global growth targets."