August 15, 2016

"China hopes the Group of 20 (G20) summit in Hangzhou in September will spur new global economic growth, a Chinese official said Monday.

China will put forward a blueprint for innovation-driven growth at this year's summit in Hangzhou, capital of east China's Zhejiang Province, to find new drivers of global growth, Vice Foreign Minister Li Baodong said at a press briefing.

Innovation, introduced on the G20 agenda for the first time, is 'the key for boosting global economic potential,' said Yao Zhizhong, a professor with the Chinese Academy of Social Sciences."

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