The Diplomatic Society

 
  • Increase font size
  • Default font size
  • Decrease font size

Chinese President Xi Jinping on the next G20 Summit to be held in China in 2016

On 16 November 2015, Chinese President Xi Jinping expounded on China’s views on the 2016 G20 Summit to be held in China during the Working Lunch of the G20 Summit.

President Xi announced that China will host the 11th G20 Summit from September 4th to 5th next year in Hangzhou, Zhejiang Province.

By using a Chinese saying, "Up in heaven, there is paradise; down on earth, there are Suzhou and Hangzhou." President Xi emphasized the beautiful sceneries as well as innovation of the cities of Hangzhou and Suzhou, which will ensure that the 2016 Summit present to the leaders a unique setting where history meets modernity.

President Xi emphasized that based on an assessment of the current situation and the expectations of all parties, China has formulated the theme of the 2016 Summit as "Towards an Innovative, Invigorated, Interconnected and Inclusive World Economy".

President Xi pointed out that China hopes to take forward the preparatory work for the Summit in the following four key areas.

First, transform growth patterns in innovative ways with particular focus on pursuing reform and innovation, create and seize new opportunities to raise the potential of global economic growth.

Second, improve global economic and financial governance, increase the representation and voice of emerging markets and developing countries, and enhance the capacity of the global economy to ward off risks.

Third, promote global trade and investment to generate growth and build an open world economy.

Fourth, promote inclusive and interconnected development, strive to implement the 2030 Agenda for Sustainable Development, eliminate poverty, and achieve common development.

President Xi explained that such proposals on the above theme and key areas are based on the following three observations:

First, although the global economy is no longer mired in crisis, the recovery remains weak and fragile for lack of growth engines. And the performances and policies of major economies continue to diverge. We are in an urgent need of new sources of growth to take the global economy to a new round of prosperity.

Second, reform of the global economic governance in recent years has hit a rough patch and international economic and trade rules have been fast evolving. The UN Sustainable Development Summit, the 10th WTO Ministerial Conference and the Paris Climate Conference are all on this year's global agenda, where new plans are being made for international development cooperation, the multilateral trading regime and the global campaign against climate change. We need to make coordinated and concerted efforts to guide international economic cooperation.

Third, G20 is now facing a transformation from a mechanism of crisis response to one of long-term governance. As its agenda items shift from short-term issues to deep-seated and longer-term ones, the necessity for and difficulty of macroeconomic policy coordination and enhanced cooperation among G20 members have both increased. We need to act in the spirit of partnership to work for the smooth transformation of G20 and the consolidation of its role as the premier forum for global economic governance.

President Xi stressed that China will consistently follow an open, transparent and inclusive approach, and strengthen communication and coordination with all other members to jointly uphold, strengthen and develop G20 in preparing for the Hangzhou Summit,

Embassy of the People's Republic of China in the Republic of South Africa

 

More News



SA eyes World Science Forum17/12/2017
article thumbnail

SA eyes World Science Forum 14 December 2017 South Africa has thrown its hat into the ring to host the World Science Forum in 2021. Initially held only in Hungary, central Europe, this biennial for [ ... ]


SA Agulhas II sets sail for the 57th Antarctica expedition17/12/2017
article thumbnail

SA Agulhas II sets sail for the 57th Antarctica expedition 15 December 2017 Not long after the SA Agulhas II set off on the International Indian Ocean Expedition, the vessel has once again left the  [ ... ]


Everyone is getting served!17/12/2017
article thumbnail

Everyone is getting served! Born out of writer Mike White’s itch to respond to a number of socio-political events, Beatriz at Dinner is the collaborative effort between writer, White, and Directo [ ... ]


United Arab Emirates National Day17/12/2017
article thumbnail

United Arab Emirates National Day 15 December 2017 The National Day of the United Arab Emirates, Al Yawm Al Watani, is celebrated on 2 December each year. It marks the UAE's Union Day between the se [ ... ]



 


 
 
 
 
 
 
 
 
_________________________________________________

Nov/Dec 2017 Edition

 
 
_________________________________________________

Translater


 
 

 
 
 
 

 
 
 

 
 
 
 
 
 
 
 
 
 
 
 

President Jacob Zuma hosts Madagascar President Rajaonarimampianina 1 November 2017 President Jacob Zuma in his capacity as the Chairperson of SADC has met with the President of the Republic of... <|> South Africa and Comoros meeting 6 November 2017 South African Minister of International Relations and Cooperation Ms Maite Nkoana-Mashabane met with Comoros Foreign Minister Mohamed El-Amine... <|> SA boosts trade with Cuba 7 November 2017 The Havana International Fair will further advance relations between South Africa and Cuba, says Trade and Industry Deputy Minister Bulelani... <|> Cooking Sri Lankan cuisine 7 November 2017 On 27 October Champa Weerasekara, spouse of the Sri Lankan High Commissioner in Pretoria hosted a cooking demonstration and luncheon at her official... <|> Easing travel regulations between South Africa and Kenya 3 May 2016 South Africa and Kenya have announced measures that will make travelling between the two countries easier. South African Home... <|> Algeria National Day 1 November 2017 Ambassador Abd-El-Naceur Belaid of Algeria hosted a reception to celebrate the 63rd Anniversary of the launching of the Algerian Revolution. He said that it was... <|> Zambia Independence Day 25 October, 2017 Zambia says her democratic credentials have remained admirable since the introduction of multi-party democracy. Zambia’s High Commissioner to... <|>   Successor Ante Portas? 14 December 2017 When recently surfing along the internet in research mode I stumbled across two items – not connected to each other at first glance. On... <|> Commemorating the 160th anniversary of Joseph Conrad Korzeniowski 20 November 2017 The Embassy of the Republic of Poland in Pretoria organized a special screening of the Polish – British film... <|> <|>
© copyright 2011-2017| The Diplomatic Society| All Rights Reserved.