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

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Rajiv Sirohi
Shara

‘Portugal is taking away a major share of the mill made sector.’

Anvita Mehra
Confidential Couture

‘It is going to take some time for Indian buyers to get accustomed to...

Cyril Pereira
Reed Exhibitions India, organiser of Asian Machine Tool Exhibition 2016

'Major problem in the textile machinery manufacturing industry is the lack ...

Kai Poehler
Voith Paper GmbH & Co. KG

The glass mat industry is growing by five to eight per cent annually. Kai...

Paolo Ocleppo
Sandvik Hyperion

Paolo Ocleppo, Rotary Cutting Segment manager, Sandvik Hyperion discusses...

Silke Brand-Kirsch
Schlegel und Partner

Silke Brand-Kirsch, executive partner of Schlegel und Partner, a leading...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Mike Hoffman
Gildan Activewear SRL

Gildan Activewear, a manufacturer and marketer of branded clothing and...

Ritu Kumar
Label Ritu Kumar

‘Classics will return’ "There are a lot of people wearing western clothes ...

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
January 2017

January 2017

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

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search