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China continues to contribute to global growth

By Wang Yusheng (China Daily) Updated : 2016-08-31

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Photo taken on Aug 25, 2016 shows the Hangzhou Olympic Sports Center in the Binjiang district of Hangzhou, capital of East China's Zhejiang province. Hangzhou is the host city for the upcoming G20 Summit.[Photo/Xinhua]

With the G20 Leaders' Summit to be held in Hangzhou, East China's Zhejiang province, on Sept 4-5, the city has come under the spotlight of the world media. But since the G20 summit is being held in the shadow of the global economic downturn, will the annual meeting lead the global governance and global economic recovery? How can China as the host better play the role of a responsible power?

The G20 members agree that economic cooperation, in "the spirit of win-win partnership", is the way forward, and their shared aim is to build "an innovative, invigorated, interconnected and inclusive global economy".

Given these facts, the G20 needs to find innovative ways to boost global economic growth, and reform the global economic and financial governance system to make it more resilient to possible risks and give developing countries greater say. Besides, the economic bloc should also propel international trade and investment to support sustainable growth. The common purpose of its members should be to realize the UN Sustainable Development Goals by 2030 through win-win partnership.

After several conferences of coordinators, as well as frequent discussions, the economies participating in the Hangzhou G20 summit have already accepted this fact. That's why China is confident the G20 summit will fulfill its objectives. As the host country and chair of G20 this year, China will continue to contribute to global economic growth.

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