Business / Hangzhou G20


( Updated: 2016-09-06 15:57

G20 members are determined to realize the blueprint on innovative growth to inject new dynamism into the world economy.

G20 members have unanimously adopted the G20 Blueprint on Innovative Growth. It reflects their desire to find the right pathway toward sustained and healthy growth of the world economy, capitalize on the new opportunities brought about by innovation, the new industrial revolution, digital economy and other new factors and business types, and flesh out a series of specific action plans. "We agree to encourage multi-leveled innovation in a wide range of domains, including development concepts, institutional architecture and business models, with science and technology innovation at the core," President Xi Jinping said. G20 members also believe that fruits of innovation should be shared. They decide to forge ahead with structural reform and have identified the priority areas, guiding principles and a set of indicators. The Blueprint provides them with the consensus, action plan and the overall framework to open up a new path for global growth and increase medium- to long-term potential of the world economy.

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