Business / Hangzhou G20


( Updated: 2016-09-06 15:57

G20 members are determined to promote inclusive and interconnected development, so that G20 cooperation will deliver benefits to the whole world.

"For the first time, we have given priority to development in the global macro-policy framework. For the first time, we have devised a groundbreaking Action Plan on the 2030 Agenda for Sustainable Development," President Xi Jinping said. G20 members agree to take the lead in implementing the Paris Agreement on Climate Change to encourage its early entry into effect. "We have proposed the G20 Initiative on Supporting Industrialization in Africa and LDCs, made an Entrepreneurship Action Plan, adopted the Global Infrastructure Connectivity Alliance Initiative, and decided to deepen cooperation in such areas as food security and inclusive business." These action plans and practical outcomes will help reduce inequality and imbalance in global development, deliver tangible benefits to people of the developing world, make important progress toward realizing the Sustainable Development Goals by 2030, and contribute to the common development of mankind.

"We have come to a deeper understanding of the importance of making full use of the role of the G20 as the premier forum for international economic cooperation and deem it necessary to transform the G20 from a crisis response mechanism to a long-term governance mechanism and expand its focus from short-term policy response to a combination of short-, medium- and long-term policymaking." G20 members believe that the development of the G20 bears on the immediate interests of all members and the future of the world economy. Only when the G20 stays responsive to time and change can it retain its vigor and vitality. They resolve to support the continued focus by the G20 on the most prominent, pivotal and pressing challenges facing the world economy, enhance policy coordination, improve institutional building, and fully implement the outcomes, thus leading strong, sustainable, balanced and inclusive growth of the world economy.

Related readings:

Balancing the developed and developing worlds

Nation can engender win-win changes

Alibaba shows how tech can boost inclusivity

Hot Topics

Editor's Picks