Foreign Minister Wang Yi Answering Questions on G20 Hangzhou Summit
On 8 March 2016, the Fourth Session of the Twelfth National People's Congress held a press conference. Foreign Minister Wang Yi answered questions on China hosting G20 Hangzhou Summit.
CCTV: In September, China will host the G20 Summit for the first time. What proposals will China put forward at the Hangzhou Summit?
Wang Yi: This is the first question, and you are asking about the G20 Summit. It shows people have high expectations for China's G20 presidency. Indeed, the G20 Hangzhou Summit, the most important international conference that China will host this year, is the world's most closely watched economic summit.
In the past few years, the G20 Summit has played a critical role in containing the global financial crisis. This time, the world economy has reached another crossroads. How to emerge from long-term economic sluggishness? How to find new sources of growth? And how to coordinate national policies more effectively? The world is turning its eyes to China. President Xi Jinping has clearly articulated China's basic approach to hosting the G20 Summit. While making solid preparations on all the topics, we will try to break new ground from three angles. First, we want to discover new sources of growth through innovation. Second, we want to inject new momentum into the world economy through reform. And third, we want to open up new prospects through development.
For the first time, we will make innovative growth a key topic on the G20 agenda. We want to capitalize on the new industrial revolution and digital economy, and develop a new blueprint for the innovative growth of the world economy.
We will stress the importance of structural reform and encourage the major economies to build new consensus around this, so as to work together to put the world economy on the path to strong recovery.
And we will prioritize development issues in macro policy coordination. We will encourage G20 members to show leadership by developing action plans to implement the UN's 2030 Agenda for Sustainable Development, so as to catalyze inclusive and interconnected development all over the world.
I am confident that the G20 Hangzhou Summit will boost people's confidence, build consensus and point the way forward. Hangzhou will be a new launch pad for the G20, and China will be a new launch pad for the world economy.