Climate activists and small nations at risk of global warming's direst consequences, welcomed Saturday's agreement by Chinese and US leaders on a global pact to curb planet-harming carbon emissions.
Around A$25 billion ($18.93 billion) will be added to the Australian economy in the next two decades through trade agreements with China, Prime Minister Malcolm Turnbull said on Sunday.
Newly installed Brazilian President Michel Temer said on Saturday that he has high expectations for the G20 Summit and believes it will bring benefits to all its members.
Editor's note: During the G20 Summit in Hangzhou, anti-corruption cooperation will be an important issue. During the conference, leaders are expected to share their anti-corruption achievements and experiences, and establish an anti-corruption cooperation mechanism. Thanks to joint efforts, 33 major economic fugitives have been apprehended since April last year after Interpol issued red arrest warrants to hunt down 100 major corrupt Chinese offcials who had fled overseas.
All G20 members face the challenge of employing lower-skilled workers in a difficult economic environment, but China has taken positive steps to tackle the problem, according to a senior official.
Globalization was hailed as being the path toward greater shared prosperity. Things, however, started to change at the turn of this century, and the trend of anti-globalization has been gaining momentum.
Despite all the hand-wringing over China's slower economic growth, the Chinese economy remains the single largest contributor to world GDP growth. For a global economy limping along at stall speed - and most likely unable to withstand a significant shock without toppling into renewed recession - that contribution is all the more important.
President Xi Jinping made a crucial point at the Business 20 Summit on Saturday, when he said that China, as a beneficiary of the current international order, does not seek to rewrite the international rulebooks. Instead, it wants to refine the existing mechanisms to facilitate global win-win cooperation.
The Austria-born American management philosopher Peter Drucker once attributed the absence of right-wing fanaticism in North America to the self-organizational ability of society, represented, first of all, by the thousands of well-managed business enterprises.
Slow and unpredictable economic growth is the greatest challenge we face today. But to identify new sources of growth we have to understand some fundamental challenges in the global economy and how to address them.
China will work together with all parties to make the G20 Hangzhou summit prescribe remedies for the world economy to achieve robust, sustainable, balanced and inclusive growth, President Xi Jinping said on Saturday.
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