Mission Global Governance off to a good start

Delivering a speech at the inauguration of the two-day G20 Summit on Sunday, President Xi Jinping emphasized that all G20 members "face the problems squarely" and deliver "real action" not "empty talk" as they seek to resuscitate the global economy. The prescription, as he said in his Saturday speech at the B20 Summit, lies in the joint efforts to build an innovative, open, interconnected and inclusive world economy.

Although China stands at "a new starting point", it remains committed to deepening reforms in an all-round manner, pursuing an innovation-driven development strategy and green growth, delivering more benefits to the people, and increasing its interactions with the rest of world, Xi said.

Xi's two keynote speeches are perfect examples of China's increasing contributions to global economic governance. In other words, the country is using its pursuit of reform and opening-up to add fresh momentum to globalization, as well as the structural reform of the world economy.