Business 20 group urges steps to curb protectionism

Business 20, a major support group for the G20 from industrial and commercial circles, has called on world leaders to make clear and transparent policies, as well as effective standards for handling disputes, to curb rising protectionism in international investment.

A number of proposals by the B20's organizing committees and task forces will be added to the G20 Summit statement this year, said Jiang Zengwei, chairman of B20 China, at a news conference on Thursday before the B20 and G20 summits in Hangzhou, Zhejiang province.

The B20 proposals will concern international investment, employment, innovation and infrastructure development, he said.