About 500 think tank experts, politicians and representatives of international organizations from 25 countries worldwide are in Beijing for the Think 20 (T20) Summit that runs from July 29 to 30 to contribute their wisdom to the G20 Hangzhou Summit on building new global relationships.
The 2016 G20 summit which will convene on September 4, in Hangzhou, capital of East China`s Zhejiang Province, is arguably an event of great magnitude for China to present its leadership role in global affairs.
China should avoid allowing the initiative to become a platform for migration of China`s outdated excess capacity to other countries. In contrast, the initiative should be used to boost local economic development and revive trade ties with Africa and South America.
China has fewer relevant legal professionals than the US and Europe and therefore wouldn`t be wise to follow the US` example of establishing multiple regional economic integration organizations.
The Group of 20 (G20) 2016 summit will be held in September in Hangzhou, East China`s Zhejiang Province. At a time of global economic downturn, rising international geopolitical conflicts and frequent crises, whether the summit can be a success is a concern not only for international relations circles, but people who care about China`s development.
One of the most urgent and crucial issues for China is to establish a permanent secretariat for the G20 and to improve the macroeconomic policy coordination mechanism among top global economies.
There needs to be a much clearer sense on how the G20 is managing risks and getting out of the low, non-inclusive growth path.
The upgraded G20 indeed played a significant role between 2008 and 2009 amid the raging financial crisis, preventing the world economy from sliding into deeper chaos.
As the 100-day countdown started Friday for the Group of 20 (G20) summit in Hangzhou, East China`s Zhejiang Province, expectations are running high that members of the bloc, representing the bulk of global trade and economic output, will make concerted efforts to address the various challenges facing the global economy.
The G7 summit was held in Japan on May 26, while the G20 summit is scheduled for about a 100 days later in China`s Hangzhou. World powers are facing huge pressures under a "new mediocre" global economy, and they wish to coordinate on respective macro-economic policies to avoid a dangerous drift.
On April 19, 2016, Ambassador Zhang Jun, Director-General of the Department of International Economic Affairs, Ministry of Foreign Affairs of China held a dialogue on the G20 Hangzhou Summit with representatives of African countries at the African Union (AU) Convention Center, and met with Dr. Nokosazana Dlamini-Zuma, Chairperson of the AU Commission, and Egyptian and South African Ambassadors to AU.
On April 13, 2016, the third meeting of G20 International Financial Architecture Working Group (IFA WG)was held in Washington D.C. the United States. The meeting was co-organized by the People’s Bank of China (PBC) and the IFA WG co-chairs namely the Ministry of Finance of France and the Ministry of Finance of South Korea. PBC Deputy Governor Yi Gang attended and addressed the meeting.
Independent Business leaders and economists from the G20 economies met on Sunday in Washington to address concerns of the private sector over the international economic outlook.
Think 20 Workshop themed “International Development Financing System for Inclusive Growth: Partnership and Prosperity Issues in Developing Countries” was successfully held in Lima, Peru on April 25 and 26, 2016.
China will advance the agenda of small and medium-sized enterprises (SMEs) financing at the Group of 20 (G20) summit this year, Zhou Xiaochuan, China`s central bank governor, said Thursday.
The second G20 Sherpa Meeting, with substantive discussions on major issues, has laid solid groundwork for the G20 summit that China will host in September, a spokesperson said on Monday.
The global economy faced many challenges in 2015. In fact, it registered the lowest growth rate in six years, owing to factors such as very low growth of global trade, steep falls in commodity prices and increasing fluctuations in the international financial market.
Sherpas from G20 member countries agreed to sign the Paris Agreement beginning April 22 or after in order to encourage its implementation, a Presidency Statement on Climate Change at the G20 Sherpa Meeting said Thursday.
The two-day G20 `Trade and Investment Working Group meeting` being held in east China`s Nanjing will conclude later today.
On March 24, 2016, Boao Forum for Asia (BFA) held a special discussion meeting on the preparation work for the G20 Hangzhou Summit. Foreign Minister Wang Yi, Commerce Minister Gao Hucheng and Governor of the People`s Bank of China Zhou Xiaochuan introduced relevant considerations and progress of preparations for the G20 Hangzhou Summit to be hosted by China. Over 200 representatives from political, business, academic and media circles of China and abroad who attended the BFA were present at the