'G20 summit to stress innovation, reform, development'

Beijing, March 8: The Group of Twenty (G20) Hangzhou summit in September will lay stress on innovation, reform and development, Foreign Minister Wang Yi said on Tuesday.

G20 is an international forum for the governments and central bank governors from 20 major economies including Australia, Canada, China, France, India, Japan, Russia, Saudi Arabia, the UK and the US.

President Xi Jinping has clearly expounded on the approach to the G20 summit, which is the most important international conference China will host this year, Wang said.

China will make breakthroughs for the summit by trying to discover new force of growth through innovation, inject new momentum to the world economy through reform and create new prospects through development, Xinhua quoted Wang as saying.

For the first time, China will make innovative growth a key topic in the G20 summit agenda, taking the opportunities of new industrial revolution and digital economy to develop a new blueprint for the innovative growth of the world economy, he said.

China stresses the importance of structural reform, encouraging major economies to reach new consensus and work together to pull the world economy back to the track of strong recovery, he said.

China also prioritises development issues in macropolicy coordination and encourages G20 members to show leadership in implementing the United Nations' 2030 Agenda for Sustainable Development to promote inclusive and interconnected development of the world, Wang said.

The summit will be held in the Chinese city of Hangzhou on September 4-5.

IANS