Report on initiatives submitted

Developing a multilateral trading system, promoting green financing and creating a global electronic trade platform, known as the eWTP, are the main initiatives in the policy advice report that has been delivered to the G20 leaders ahead of their summit in Hangzhou on Sept 4 and 5, said Yu Ping, China's chief representative in the B20.

"With their strong economic foundation and political influence, G20 members are fully capable of making major breakthroughs in terms of reducing trade protectionism," said Yu, who is China's B20 sherpa.

A sherpa is the personal representative of a G20 member head of State or government, while the Business 20, or B20, leads engagement with the G20 governments on behalf of the international business community.