Page 28

The Hangzhou G20 Summit convened at a crucial junction for both the world economy and the transformation of the G20. Thanks to the joint efforts of all G20 members, guest countries and international organizations, the summit concluded with fruitful outcomes and achieved its desired goals.First, we are determined to point the way and set the course for the world economy. In light of risks and challenges confronting current world economy, we should further strengthen macro-policy communication and coordination, work in the spirit of partnership to promote mutual help and win-win cooperation and concentrate our mind and energy to pursue strong, sustainable, balanced and inclusive growth. We should address both the symptoms and root causes, and a host of effective policy tools, fiscal, monetary and structural, must be leveraged to send a strong signal of the G20’s commitment to global growth.Second, we are determined to break a new path for growth and inject new dynamism into the world economy. We have unanimously adopted the G20 Blueprint on Innovative Growth. The G20 encourages multi-levelled innovation in a wide range of domains, including development concepts, institutional architecture and business models, with science and technology innovation at the core. We also believe that the fruits of innovation should be shared. We decided to forge ahead with structural reform and open up a new path for global growth and increase medium- to long-term potential of the world economy.Third, we are determined to improve global economic and financial governance to enhance the resilience of the world economy. We agree to advance the quota XI JINPING, PRESIDENT, THE PEOPLE’S REPUBLIC OF CHINAA FRESH STARTING POINT FOR G20Photo Credit: Xinhua/Pang Xinglei028 THE G20 MEMBER COUNTRIES