The Group of 20 (G20) Hangzhou summit slated for Sept. 4 and 5 will address the thorny issue of the stagnation of world trade growth, and try to push forward globalization so as to benefit most people instead of a few, said a Chinese expert.
In today`s global governance, the G20 has a critical role to play. As a high-level forum, the G20 is expected to provide desperately needed public goods for the current world economy.
For the first time, the Hangzhou Summit will accord top priority to the issue of development within the global macroeconomic framework and formulate an action plan centered on implementing the United Nation`s 2030 Agenda for Sustainable Development.
Hosting will allow President Xi Jinping to showcase his vision for global governance as a whole. He is likely to lead in a bigger, broader way than he ever has before. He will build on China’s careful, cumulating leadership in the G20 and will follow the ambitious, innovative agenda outlined at the start of his hosting year.
Under the backdrop of a sluggish world economy and fatigued global trade, observers have voiced high expectations on the big changes the summit could deliver.
China could help resolve many of the global challenges, especially because its economic power and international influence are increasing.
As leaders of the world`s major economies prepare to head to China for next month`s crucial G20 summit, some leading British economists said leaders` talks at the forum will be more important than ever in addressing pressing global issues.
In a recent interview with Xinhua, Giuseppe Sacco, a professor of political science and international relations at LUISS University in Rome, said the fact that US President Barack Obama will leave the White House in a few months may also have an impact.
Beijing ready to offer its ideas on global economy, puts green financing on agenda.
Global spotlight is now on China, host of this year G20 summit that will kick off soon in early September. One of the 10 results that China is trying to achieve, together with various parties, is to initiate a three-pronged approach to international anticorruption cooperation. This, if realized, would mean a golden opportunity for China to participate in the top-level design of global anti-graft governance.
China, as the G20 chair, has made a rather bold statement that the reach of the G20 should extend beyond its members to include the developing world, which reflects its holistic approach to development. China`s cooperation initiative in Africa to support the industrialization of the continent`s countries is a very important move.
The upcoming 2016 G20 Summit in Hangzhou can serve as a prime opportunity for the US to make a change. Hopefully the US can wake up and restrain the rise of trade protectionism that has been running wild in the country.
African countries have high expectations for the upcoming G20 Summit, which is expected to address a series of burning issues affecting the world, particularly developing countries, South African experts have said.
The G20 summit, to be held in the East China city of Hangzhou, will focus on international cooperation in the face of economic risks and challenges to achieve sustainable and balanced growth, officials said Monday.
Xi should make the case that development done right benefits everyone, and he should launch discussions on a multilateral investment agreement to be developed next year.
With changes ongoing in the world economy, the mission and strategic position of the G20 are in transformation, from the short term of dealing with financial crises to promoting long-term sustainable development of the global economy.
The G20 Leaders` Summit to be held in Hangzhou, East China`s Zhejiang province, in September has acquired special importance because of the sluggish global economy. Given its representational nature, members` equal status and flexible arrangement, the G20 is a very important platform for global economic governance. No wonder economic growth and global structural reform are key topics of the Hangzhou G20 summit.
Scholars and economists from global think tanks expect the G20 summit in September to be "ambitious" on key challenges weighing on global economy, an Italian economist said.
2016 T20 Summit concluded on July 30. T20 Policy Recommendations to the G20 was announced at the same day. The following is the full text of the report.
Organized by three major Chinese think tanks-the Institute of World Economics and Politics at CASS, the Shanghai Institutes for International Studies(SIIS) and the Chongyang Institute for Financial Studies at Renmin University of China(RDCY), 2016 T20 Summit concluded on July 30. Chen Dongxiao, President of the SIIS, released T20 Chair’s Statement at the closing ceremony. The following is the full text of the statement.