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Xi Jinping Attends the 12th G20 Summit and Delivers Keynote Speech
Stressing to Promote Openness and Inclusiveness to Achieve Interconnected Growth
2017-07-08

On July 7, 2017, local time, the 12th G20 Summit was held in Hamburg, Germany. President Xi Jinping attended the Summit and delivered a keynote speech titled "Promoting Openness and Inclusiveness, to Achieve Interconnected Growth", stressing that the G20 should stick to the general direction of constructing an open world economy to tap new impetus for the world economic growth, achieve more inclusive world economic growth, improve global economic governance, promote interconnected growth, and facilitate common prosperity, so as to advance toward the target of constructing a community of shared future for mankind.

Before the convening of the Summit, Xi Jinping and other attending leaders arrived in succession, and they were welcomed by Chancellor Angela Merkel of Germany.

At 1 p.m. local time, the Summit commenced. Angela Merkel presided over the Summit, which is themed "Shaping an Interconnected World". Leaders present had discussions on topics of world economic growth and trade, sustainable development, climate changing, energy and others.

Xi Jinping pointed out in his speech that at present, the world economy is showing signs of moving in the right direction. On the other hand, the world economy is still plagued by deep-seated problems and faces many uncertainties and destabilizing factors. Facing such challenges, at the Hangzhou Summit, the G20 solution has been put forward: building an innovative, invigorated, interconnected and inclusive world economy. Building on the theme of the Hangzhou Summit, the Hamburg Summit has made "Shaping an Interconnected World" its theme. We should work together to translate our vision into action.

Firstly, we should stay committed to building an open world economy, and remain committed to walking on the road of open development, mutual benefit and win-win results, so as to increase the size of the global economic "pie". We should support the multilateral trading system, observe the jointly established rules, and through consultation, seek all-win solutions to common challenges we face. Secondly, we should jointly foster new impetus for the growth of world economy, and boost cooperation in digital economy and the new industrial revolution areas, for the sake of developing new technologies, new industries, new business models and new products. We should also implement the 2030 Agenda for Sustainable Development, constantly push the important consensus reached at the Hangzhou Summit on innovation and development for substantial and concrete outcomes. Thirdly, we should work together to achieve more inclusive world economic growth, continue combining economic policies and social policies organically, and cope with challenges brought by the mismatch between industrial upgrading and knowledge and skills, as well as place more importance on exchanges and cooperation in educational training, employment, business start-up and wealth distribution-related mechanisms. Fourthly, we need to continue improving global economic governance, strengthen macroeconomic policy coordination, forestall risks in financial markets and develop financial inclusion and green financial to make the financial sector truly serve the development of the real economy.

Xi Jinping stressed that China recently hosted a successful Belt and Road Forum for International Cooperation (BRF), delivering fruitful outcomes in the promotion of policy coordination, facilities connectivity, unimpeded trade, financial integration and people-to-people bonds, and striving to build new governance concept, new platform for cooperation and new impetus for development. The commitment of the BRF is highly compatible with the goal of the G20. Let us work together to promote interconnected growth, advance common prosperity and constantly advance toward the goal of constructing a community of shared future for mankind.

The participating leaders expressed that the world economy is showing signs of recovery and increase of employment, whilst, it is still facing uncertainties and destabilizing factors result from unbalanced development, increase of trade barriers and financial fragility. With great impact and strong power in international economic and financial affairs, the G20 members are obliged to boost solidarity and create synergy to well implement the consensus and outcomes of the Hangzhou Summit, earnestly advance structural reforms, strengthen innovation and education, promote inclusive trade, improve international financial system, and realize balanced, resilient and sustainable development of global economy, as well as enable the development achievements to benefit broader population. Many leaders called for safeguarding free trade and the rules of the World Trade Organization, and opposing protectionism.

Before the Summit, Xi Jinping attended the discussion among leaders of the G20 Summit. Attending leaders had discussion on topic of counter-terrorism. Xi Jinping emphasized in his speech that in recent years, the international community has reinforced cooperation in counter-terrorism. The spreading momentum of terrorist organizations has been reined. However, the cancer of terrorism has not yet been eradicated. China proposes to build a global united anti-terrorism front to eliminate the root cause of the proliferation of terrorism, cut off financing channels of terrorism, and to suppress terrorists from engaging in online terror spreading activities. Being one of the victims of terrorism, China is fighting in the front line of international counter-terrorism combats. China will actively participate in international counter-terrorism cooperation, and provide support to other countries' efforts in enhancing counter-terrorism capabilities, in a bid to create an umbrella of security for people around the world.

Wang Yang, Yang Jiechi, Zhou Xiaochuan and others attended the relevant activities.

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