Summit. This shows both the international community’s strong confidence in China
and China’s sincere wish to make contribution to the international community.
The G20 summit mechanism was set up at the height of the international
financial crisis in 2008, demonstrating G20 members’ determination to put the global economy back on its feet. The G20 thus became the premier forum for international economic cooperation. Looking back, I believe that the most valuable thing this process has created is the close partnership we have forged that has enabled us to jointly tide over a difficult time. It proves that in a world of deepening economic globalization, cooperation is the sure way for countries to meet challenges and achieve common development.
Today, the global economy and international economic cooperation have reached
another crucial juncture. Can we strengthen the foundation for global recovery and growth and leave the crisis behind us? Can we seize the historical opportunity presented by technological breakthroughs and a new industrial revolution and usher in a new round of global growth? The answer lies in the course of common action that we will take.
One of the theme is developing green finance,to better address the challenges of environment and climate change and support the transition to a green global economy, the G20 needs to explore ways to encourage greener financial institutions worldwide, and improve the capacity of capital markets in channeling resources to green industries, thus developing the 9 environment-friendly economy.
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