![]() The Belt and Road Initiative is designed to mobilize more resources, strengthen connectivity links, leverage potential growth drivers, and connect the markets with a view to integrating more countries and regions into economic globalization and achieving shared prosperity through mutually beneficial cooperation. Third, we need to rise up to challenges and break bottlenecks in development. It is also very important for the G20 to implement the Paris Agreement and improve energy, environmental and digital governance. We must ensure sufficient resources for the financial safety net and see to it that the representativeness of the international financial architecture makes more sense. We must strengthen the multilateral trading system and pursue WTO reform as necessary to make it better able to deliver its mandate of enhancing market openness and boosting development. Second, we need to progress with the times and improve global governance. We must champion international collaboration on innovation. We need to foster an enabling market environment where innovation is respected, protected and encouraged. We must find the best way to advance structural reform to strive for high-quality development through promoting the digital economy, enhancing connectivity and improving social security. Xi Jinping put forward the following suggestions.įirst, we need to persist in reform and innovation to find more impetus for growth. By expanding common interests and taking a long-term view, we can realize enduring peace and prosperity in the world and deliver a better life to all our people. We must work together to shape and steer economic globalization in the right direction. We must open up further to embrace opportunities of development and seek win-win outcomes through closer cooperation. We must tap into the prevailing trend of development. We must respect the objective laws of the economy, and leverage the role of the market to raise productivity. ![]() The G20 is duty bound to re-calibrate the direction of the world economy and global governance at this critical juncture, work together to boost market confidence, and bring hope to our people. Xi Jinping pointed out that ten years after the 2008 international financial crisis, the global economy has again reached a crossroads. Shinzo Abe chaired the Summit and invited Xi Jinping to deliver an introductory speech. ![]() Prior to the Summit, Xi Jinping and other leaders attending the Summit arrived successively and were greeted by Prime Minister Shinzo Abe of Japan. Xi Jinping announced that China will open up the Chinese market wider to deliver high-quality development and to tirelessly pursue a brighter future of the global economy. President Xi Jinping delivered an important speech titled Working Together to Build a High-Quality World Economy, stressing that the G20 need to persist in reform and innovation to find more impetus for growth progress with the times and improve global governance rise up to challenges and break bottlenecks in development and uphold our partnership and resolve differences properly. On Jlocal time, the 14th G20 Summit was held in Osaka, Japan. ![]()
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