When it comes to choosing a city to host an international forum in China, first-tier cities like Beijing and Shanghai always come to mind. For that reason, Hangzhou, a quasi-first-tier city in China, has received wide attention for hosting the upcoming Group of 20 (G20) summit.
The 11th G20 summit is scheduled to be held in East China`s Hangzhou on Sunday and Monday. Against the backdrop of anti-globalization sentiment spreading across the world, how the summit will influence the global economy has garnered wide attention.
Against the backdrop of weak economic recovery and multiple political uncertainties, the European Union (EU) has high hopes the upcoming G20 summit in China will push forward its main priorities.
Protectionism is slowing the world economy and the upcoming Group of Twenty (G20) summit in China`s Hangzhou needs to focus on international cooperation that enhances free trade between nations, a leading bank executive said.
The upcoming Group of 20 (G20) summit in China will serve as a vital platform for reversing the trend of trade protectionism and giving new impetus to global trade growth, observers have said.
The upcoming G20 summit to be held in China with the participation of some developing countries represents a real opportunity for reviving and reshaping the world economy that has been facing decline over the past few years, said Egyptian economic and political experts.
With the international economy sinking in the quicksand of the "new mediocre," the G20 summit this week may inspire dialogue on how to circumvent the worst of this present condition.
The upcoming Group of 20 (G20) summit in China will help the global economy overcome lingering problems and adverse effects in the wake of the 2008 financial crisis, a Turkish expert has told Xinhua.
Former Canadian Prime Minister Paul Martin said Sunday that the upcoming summit of the Group of 20 (G20) will offer opportunities for cooperation and to make globalization work.
At the 10th G20 summit, held on 15–16 November 2015 in Turkey, Chinese President Xi Jinping announced that the theme of the 2016 G20 will be ‘jointly striving for an innovative, invigorated, interconnected and inclusive world economy’. Specifically, four measures will be prioritised to promote the realisation of this goal.
Strengthening the G20`s role is therefore a key step towards enhanced global economic policy coordination and governance in the new structure of the world economy.
The upcoming G20 summit would play vital role in promoting global trade, as long as G20 leaders have positive and constructive discussions on trade and investment, and endorse the consensus reached at the G20 trade ministers` meeting in July.
Many of the observers and business people are looking to the upcoming Group of 20 (G20) summit in the Chinese city of Hangzhou for potential opportunities, particularly those created by the global pursuit of sustainable and green growth.
Including controversial geopolitical issues into the agenda doesn`t conform to the purposes of the G20. China has learned from the G20 St. Petersburg summit in 2013, which was distracted by the Syria issue. Any attempt to use geopolitical conflicts to disturb the Hangzhou summit is doomed to fail.
The G20 Hangzhou Summit will take place in the midst of rising global political, military, economic and cultural tensions. Tensions are as much a product of changing political, economic paradigms, as they are about clashing national interests.
With common positions on many international issues, Russia and China should work together within the G20framework to secure a new international financial and economic order -- a priority among issues of common concern, a Russian expert has said.
As the host of the September summit of the Group of 20 (G20) major economies, China has the opportunity to set the tone and agenda for the meeting and help all participants reach important consensus, a leading China expert in the United States has said.
Comprising the world`s 20 largest economies, including the European Union, the G20 has become a de facto global concert attended by a wide range of regional powers and international institutions.
For a world economy mired in a prolonged downturn, the G20 summit next month could be the light at the end of the tunnel.
The theme of the Hangzhou summit, which stresses the importance of an innovative, invigorated, interconnected and inclusive world economy, shows that that is exactly what the Chinese G20 Presidency has in mind.