A Chance to Contribute

The 2016 Group of 20 （G20） Summit will take place in Hangzhou， capital of east Chinas Zhejiang Province， on September 4-5. As a primary platform for international economic cooperation， the upcoming G20 Summit is steering the worlds attention to the middle kingdom. This summit has provided China with an opportunity to play a more active role in the G20 platform， marking a new starting point in Chinas engagement with global economic governance.

As the second largest economy and a leading driver of global economic growth， China has made use of the hosting of the G20 Summit as a chance to push forward the opening up of its service sector. It is trying to ensconce itself deeply into the new round of globalization. This will cast a far-reaching influence on Chinas economic and social development in various aspects.

Since it assumed the 2016 presidency of the G20， China has analyzed the macroeconomic situation and tried to coordinate various policies， focusing on top-level design of structural reform. For example， China took the lead in formulating the Hangzhou Action Plan， to be issued at the summit， and has worked to fulfill the goal of “strong， sustainable and balanced growth.”

China has reactivated the International Financial Architecture Working Group. For the first time， it has brought green finance onto the G20 agenda. These measures display Chinas determination to push forward structural reform and opening up as well as its active role in maintaining global economic balance and promoting sustainable development.

The severe global economic situation is now under the influence of various social and political factors. The priority is to locate the source of the problems that are slowing the global economy down and devise a recipe for economic improvement. China has put forward the theme of the summit as “Toward an Innovative， Invigorated， Interconnected and Inclusive World Economy.”

Key topics for discussion at the summit will include： a new path for growth， more efficient global economic and financial governance， robust international trade and investment， and inclusive and interconnected development. The focus is on addressing the most striking， significant and urgent challenges facing the world economy with a view to spearheading international cooperation.

Notably， China pays attention to strengthening communication and policy coordination with developing economies and industrialized countries alike so as to help further expand global economic governance. Hopefully， guided by this summit， the G20 will inject new vitality into the world economy for its better growth.