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G20 to 'give world recovery fresh start'

Updated: 2016-03-09 08:11
By An Baijie (China Daily)

The G20 summit in China later this year is expected to initiate a new beginning to global economic recovery following the lengthy international sluggishness, Foreign Minister Wang Yi said on Tuesday.

Innovative growth will be the key topic on the G20 agenda, and China wants to inject new momentum into the world economy through reform, he said.

"I am confident that this G20 summit will boost people's confidence, build consensus and point a way forward," Wang said at a news conference on the sidelines of the annual session of the National People's Congress. The G20 summit will be held in Hangzhou, Zhejiang province, in September.

"The world is turning its eyes to China," Wang said. "Hangzhou will be a new launchpad for the G20, and China will be a new launchpad for the world economy."

He said the summit will seek answers on how to emerge from a bleak economic situation, how to find new sources of growth and how to effectively coordinate policies.

China will stress the importance of reform, especially structural reform, and encourage major economies to build a new consensus and work together to put the world economy back on the path to a strong recovery, he added.

Wang called on G20 members to show leadership in developing plans to implement the 2030 Agenda for Sustainable Development, to catalyze inclusive and interconnected development globally.

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