The global initiatives led by China are not intended to undermine any other countries' interests, but to inject greater openness into global economic governance by working with other countries, President Xi Jinping said on Saturday.
Beijing and Washington should strengthen mutual trust and "manage and control divergences in a constructive manner" for a lasting and healthy development of bilateral relations, President Xi Jinping said when meeting with his US counterpart Barack Obama on Saturday.
Silk products are synonymous with Hangzhou, the city that first exported them during the Western Han Dynasty (206 BC-AD 24). Two millennia later, the exquisite craftsmanship of silk continues to be the source of justifiable pride.
Leaders attending the G20 Summit are likely to reach an agreement on a set of guiding principles on global investment, in a bid to spur declining investment activity, a senior Chinese commerce official said on Saturday.
The impact of innovation in China on global economic growth will increase as Chinese enterprises step up efforts to develop cutting-edge technologies to create new business models and upgrade manufacturing capabilities, tech tycoons said on Saturday.
Jack Ma, executive chairman of e-commerce giant Alibaba Group, has called for the establishment of an electronic world trade platform whose objective would be to reduce barriers to make it easier for small and medium-sized enterprises to expand their trading capabilities worldwide.
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.
Even though the world has made marked progress in financial regulation since the 2008 crisis, relaxing supervision now would be a mistake, Christine Lagarde, managing director of the International Monetary Fund said on Saturday.
China and the United States have showed leadership and commitment in tackling climate-change challenges as they formally committed to joining last year's Paris Agreement on climate change on Saturday ahead of the G20 Summit.
Editor's note: Saturday marked the second day of President Xi Jinping's packed schedule of two-way meetings with visiting leaders on the sidelines of the G20 Leaders Summit in Hangzhou, Zhejiang province. The following are the highlights of the bilateral talks.
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Raymond Zhou
Op Rana
Berlin Fang
Zhu Yuan
Huang Xiangyang
Chen Weihua
