August 25, 2016

"The 11th G20 summit is set to convene in Hangzhou, East China's Zhejiang Province, on September 4-5. In order to host a successful summit, China has made thorough preparations. Since assuming the G20 presidency on December 1, the country has hosted a series of high-level meetings, where many valuable suggestions were made, laying a foundation for the success of the summit.

The present-day G20 is the world's primary platform to discuss global economic issues and is the most representative global economic governance mechanism. The success of the Hangzhou summit hinges on whether it can solicit a consensus on global economic development, lead the world out of economic doldrums and inject vigor into the world economy for long-term development.

Multiple reasons account for the lackluster global economy. There has been a lack of new emerging industries or impetus to drive growth. Against the background of globalization, coordination, fair systems and rules, and long-term planning are absent in the world economy. "

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http://www.globaltimes.cn/content/1002812.shtml

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