"We believe 3M's innovation culture built on 3M Science and Turkey's economic dynamism is a perfect match. 3M's global manufacturing and technological legacy, combined with the skills and dedicated work of our Turkish employees will continue to strengthen 3M and the Turkish economy. We thank ISPAT for its valuable assistance and guidance throughout our decision and investment processes."
The Belt and Road Initiative, the Silk Road Economic Belt and 21st Century Maritime Silk Road, a new type of international cooperation mechanism launched by China, is contributing to "more efficient global economic and financial governance", one of the key issues being discussed at the G20 Leaders Summit in Hangzhou in East China's Zhejiang province.
As the world looks to the G20 for a prescription against the weak global economic recovery, the Belt and Road Initiative has become a new driver of international trade and investment.
Infrastructure connectivity is a focus of both the Belt and Road Initiative and the G20 Leaders Summit because of its significance for boosting economic growth and promoting prosperity.
International cooperation in production capacity is an innovative way to boost the global economy and reshape the global value chain, and there are great opportunities for international production capacity cooperation with the advancement of the Belt and Road Initiative.
At their meeting in Beijing in June, energy ministers from G20 members emphasized the significant role of clean and renewable energy, and they will present their official communique to the G20 Summit for the consideration of global leaders.
The cost of renewable energy has fallen dramatically and will continue to do so, while investment has reached record levels and additions to global capacity have set new highs, and according to Adnan Amin, director-general of the International Renewable Energy Agency, the improvements can be attributed to the G20's strong commitment to non-fossil fuels.
China should share its clean energy successes at the G20 Summit, and study ways to address the challenges it faces, said Joseph Jacobelli, senior analyst with Bloomberg Intelligence who has been analyzing Asia's energy markets for more than three decades.
Faced with many challenges, including environmental pollution and climate change, energy reform and global cooperation are becoming ever more urgent for all participants to ensure a cleaner supply chain.
China is showing its commitment to the Paris Agreement by ratifying the hard-won agreement on climate change. This means that China, which ratified the agreement on Saturday, becomes one of the first G20 members to complete the domestic ratification process after the United Nations announced a one-year ratification deadline in April this year.
During a recent series of talks with academics and analysts on the prospects for the G20 Leaders Summit in Hangzhou on Sept 4 and 5, Fredrik Erixon, director of the European Center for International Political Economy (ECIPE), made two points that impressed me.
Policymakers are keen to use green finance to help promote economic upgrading while tackling climate change challenges.
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