B20 recommendations embody openness and inclusiveness

The recommendations of the Business 20, a supporting facility for the G20 composed of representatives of the international business community, feature a number of "Chinese factors" aimed at promoting a more vigorous global economic recovery this year, said business leaders and officials in Hangzhou.

The China-led initiatives, such as the G20 SMART innovation plan, the global infrastructure connectivity alliance plan, initiatives for improving the global investment policy environment and establishing an electronic world trade platform, known as the eWTP, would help boost a global economic recovery, said Sun Xiao, policy director of the B20's China organizing committee.

The B20's SMART innovation proposal focuses on innovative growth, a major topic at the G20 Summit in Hangzhou. It aims to create more room to facilitate collaboration between the public and private sectors, and the sharing of knowledge, resources and technologies to promote technological innovation to accelerate global economic development and employment.