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China

Overcapacity needs a global solution

[2016-09-03 07:50]

Overcapacity is a global challenge that requires cooperation and coordination rather than finger pointing, a senior Chinese official said on Friday.

Business 20 primes pump for leaders

[2016-09-03 07:50]

A business group from industrial and commercial circles has proposed building an electronic world trade platform to provide input for leaders' decision-making.

Xi expected to focus on long-term perspective

[2016-09-03 07:50]

As the world looks to emerge from the shadow of the global financial crisis that erupted eight years ago, President Xi Jinping's speeches at the upcoming G20 Leaders Summit and the B20 Summit in Hangzhou are expected to propose long-term governance mechanisms and a number of new measures to promote trade, investment and innovation, said officials and business leaders of the B20.

Joint efforts to promote global sustainable, balanced economic growth

[2016-09-03 07:50]

China, as chair of the G20, is hosting the G20 Leaders Summit for the first time. It is being held in Hangzhou, Zhejiang province, on Sept 4 and 5.

Report on initiatives submitted

[2016-09-03 07:50]

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.

Excerpts of the B20 policy recommendations to the G20

[2016-09-03 07:50]

Break a new path for global economic growth by:

Key moments

[2016-09-03 07:50]

January

What they say

[2016-09-03 07:50]

It is important to remove existing obstacles, such as trade protectionism and the frequently launched trade remedy measures, in international trade. It would also be helpful to facilitate exchanges, reduce trade costs and improve infrastructure. In addition, a multilateral investment deal would be useful to make it easier to invest in developing countries.