Home / Knowledge / News / Textiles / China wants G20 to show ambition to boost global economy
China wants G20 to show ambition to boost global economy
18
Jan '16
China, which will host the G20 summit in the eastern city of Hangzhou in September, has called upon the Group to show ambition, determination and insight to make the bloc play a greater role in boosting world economic growth, improving global economic governance and increasing people's welfare.

"China expects this year's summit to promote the leading role and the ambition of the G20 in the global economy. We should work to transform the G20 from a crisis-managing mechanism to a long-term governance platform," State Councilor Yang Jiechi said at the opening ceremony of the first G20 sherpa meeting in Beijing, the state-run Xinhua news agency has reported.

NITI Aayog Vice Chairman, Arvind Panagariya attended the sherpa meeting presided over by Yang.

Prime Minister Narendra Modi is expected to participate in the summit.

The G20 is a major forum for global economic and financial cooperation that brings together the world's major advanced and emerging economies, representing around 85 per cent of global GDP, 80 per cent of world trade, and two-thirds of world population. China formally took over the G20 presidency on December 1, 2015. The theme of the Hangzhou summit is "building an innovative, invigorated, interconnected and inclusive world economy."

Preparations for the summit will focus on innovation in growth patterns, improving global economic and financial governance, boosting international trade and investment, and promoting inclusive and interconnected development.

Yang also briefed the participants on China's economic prospects, saying the Chinese economy will maintain a generally sustainable and stable growth trend through reform, innovation and more emphasis on quality.

"China will actively participate in international economic cooperation and governance to inject impetus into domestic reform and mid-to-high economic growth," Yang said. (SH)

Fibre2Fashion News Desk - India


Must ReadView All

'Sportswear is much more mainstream than earlier'

Fashion | On 20th Jul 2018

'Sportswear is much more mainstream than earlier'

The business of sportswear has evolved at a fast pace over the years. ...

Courtesy: YKK

Textiles | On 20th Jul 2018

Japanese firm YKK explores opening office in Uzbekistan

Japanese company YKK recently discussed with the Uztuqimachiliksanoat ...

HFPA alerts member firms on latest US tariff announcement

Textiles | On 20th Jul 2018

HFPA alerts member firms on latest US tariff announcement

The US Home Fashion Products Association (HFPA) has alerted its...

Interviews View All

Top executives
Textile industry

The foremost issue is bridging the skill gap

Viral Desai
Zenitex Mill Pvt Ltd

Full of green energy

Arvind Saraf
Triveni Sarees

e-Commerce is still evolving fast with constant flux and surprises

Paolo Crespi

For.Tex is an Italy-based leading producer of dyes and thickeners, and is...

Kamal Kulshreshth

Colorjet is among the fastest-growing wide format digital inkjet print...

Harsh Shah

Established in 1956 with a small beginning, Embee today manufactures a...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Suresh Patel
Sidwin Fabric

Sidwin Fabric is a manufacturer and exporter of polypropylene textiles and ...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Bani Batra

Bani Batra’s couture wedding collection is inspired by traditional Indian...

Adriano Goldschmied
AG Jeans

The hype around 'designer jeans' was created by him. And the new wave of...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments


July 2018

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

news category


Related Categories:

Advanced Search