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Thursday, September 1, 2016, 16:04

G20 coordinators confident of summit's success

By Xinhua
G20 coordinators confident of summit's success
Chinese Vice Foreign Minister Li Baodong introduces the preparation work during 2016 The Fourth G20 Sherpa Meeting in Hangzhou, capital of East China's Zhejiang province, September 1, 2016. The G20 summit will be held in Hangzhou on September 4 to 5. (Photo / Xinhua)

HANGZHOU - Senior officials in charge of preparations for the upcoming Group of 20 (G20) summit in Hangzhou on Thursday gave thumbs-up to China's organizing of the meeting under its presidency.

A statement was issued by the Chinese Foreign Ministry after the opening of the fourth and final Sherpa meeting, also known as coordinators' meeting in preparations for the summit slated for Sept 4-5.

It said basic agreements have been reached on a G20 blueprint for innovation-driven growth, an action plan to carry out the United Nations 2030 Agenda for Sustainable Development, and an initiative to support the industrialization in Africa and the least developed countries.

Fundamental consensus was also reached on a set of high-level principles in cross-border manhunt and the return of illicit assets in anti-graft cases among G20 members, a global trade growth strategy, and a guideline for global investment.

The statement said the coordinators expressed full confidence in a successful summit in Hangzhou, adding that the summit will undoubtedly leave an imprint in the G20 history.

Under China's presidency, the G20 has seen stable, smooth and innovative progress in 2016, along with a series of ground breaking accomplishments, the Sherpas agreed.

China took over the G20 presidency in December 2015.

Chinese Vice Foreign Minister Li Baodong chaired Thursday's Sherpa meeting, during which the coordinators also negotiated on a G20 leaders' communique set to be published after the two-day summit.

Li noted that preparations for the summit have entered the final stage. He called on all parties to continue their collaboration and strive for a positive and fruitful summit, in order to help inject new life into global economic growth.

Chinese scenic city Hangzhou enters "G20 time"

G20 coordinators confident of summit's success
Photo taken on August 31, 2016 shows a night view of Hangzhou Grand Theater in Hangzhou, capital city of East China's Zhejiang province. The G20 Summit will be held in Hangzhou on September 4 to 5. (Photo / Xinhua)

A summit of business leaders from G20 members are scheduled to be held on Saturday and Sunday, Jiang Zengwei, chair of the Business 20 (B20) China, said at a press conference on Thursday.

The gathering of business elites marks the entry into "G20 time" for the scenic city of Hangzhou in east China.

Chinese President Xi Jinping will attend the opening ceremony of the B20 summit and deliver a keynote speech, Jiang said.

Leaders of Argentina, South Africa, Turkey, Australia and Canada as well as heads of the International Monetary Fund, World Bank and the World Trade Organization will also be present at the summit, said Jiang, also chairman of the China Council for the Promotion of International Trade.

Focusing on promoting robust, sustainable and balanced growth of the global economy, the B20 meeting will gather more than 800 business leaders from 32 countries and 26 international organizations.

The business leaders are set to submit B20 2016 Policy Recommendations to the Chinese president during the meeting, Jiang said.

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