How to understand the significance of G20 Hangzhou Summit?

This meeting was held under the following background: First, after the financial crisis, the recovery and growth of the world economy were weak. For example, the economic growth in the United States has improved slightly, but it is not stable enough; The EU's economic growth rate is still relatively slow, the unemployment rate remains high, the debt crisis has not been completely solved, and refugees and terrorist attacks have also brought great negative effects. Japan's economy has been struggling between resuming growth and recession. Although Japanese people have great expectations for Abenomics, the actual economic growth rate in Japan is disappointing and has been hovering at a low level. Second, due to the weak economic growth and the rise of protectionist forces in various countries, some countries try to stifle the principle of free trade under the pretext of so-called fair trade, environmental protection and intellectual property protection, and constantly protect and close their own markets in various ways, thus hitting the trade progress of the other country. If this situation is not contained, new trade barriers will continue to appear in the form of variants, which will also endanger the whole world trade situation and lead to the decline of the total world trade. Third, the economic growth of developing countries and newly industrialized countries has also fallen sharply. The prices of international commodities such as oil, coal, steel, natural gas and grain have generally fallen, which has harmed the interests of developing countries. Newly industrialized countries are also facing the improvement and adjustment of domestic economic structure, and their leading ability and contribution to world economic development have declined, and their subsequent growth momentum is seriously insufficient. In this context, the world is full of expectations for this G20 Hangzhou Summit. The world economy is facing a series of problems, which need to be solved by countermeasures and boosted by confidence, which is precisely the advantage of the G20 Hangzhou Summit. First, share experiences and boost confidence. Since the beginning of the new century [-0.8 1% capital research report], China's economy has been growing rapidly for a long time. China's own successful experience is conducive to boosting people's confidence in the world economy. China can share these beneficial experiences through the G20 Summit, and promote people all over the world to enhance their confidence in future economic development. Second, formulate a pragmatic and ambitious economic development plan. China is working with all parties to create the top ten achievements of the G-20 Hangzhou Summit, namely, drawing a blueprint for innovative growth, formulating an action plan for implementing the 2030 Agenda for Sustainable Development, formulating priority areas, guiding principles and indicator systems for structural reform, formulating a global trade growth strategy, formulating guiding principles for global investment policies, deepening the reform of the international financial architecture, building a trinity anti-corruption cooperation, launching initiatives, supporting industrial cooperation between Africa and the least developed countries, formulating an entrepreneurial action plan, and publicizing the climate. Such growth ideas and plans are conducive to the universal understanding of all countries and to the recovery and stable development of the world economy. Among them, growth blueprint, trade growth strategy and international financial reform are all helpful to release the existing economic energy, adopt more open principles and promote the overall growth of the world economy. Third, the theme of the G20 Hangzhou Summit, "Building an Innovative, Dynamic, Linked and Inclusive World Economy", has grasped the key of the current world economy. If it can be implemented, it will not only guide the future development of the world economy, but also be a more pragmatic road map to promote the growth of the world economy in the next five years to 10. At present, the world economic growth is weak, and the guidance of innovative economy is urgently needed. This requires increasing the intensity of reform and innovation and releasing vitality in reform and innovation. Linkage refers to the interconnection of national infrastructure, including high-speed railways, highways, coastal transportation, air transportation, oil and gas pipelines, power transmission, submarine cables, communication systems, etc., and on this basis, the interconnection of systems and policies is realized, thus greatly reducing economic costs and realizing economic growth with maximum benefits. Inclusion means that the growth of the world economy will benefit all countries and people at all levels, and promote fairness, justice and sustainable economic development.

In short, the G-20 Hangzhou Summit will play a powerful leading and promoting role in the world economy, and it needs the full support and cooperation of all parties and relevant countries and people. I believe that the G20 Hangzhou Summit will have a long-term and huge derivative effect.