Focus on innovation

The 11th Group of 20 (G20) summit is to be held in China’s eastern city of Hangzhou on Sunday and Monday. 

Themed “Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy,” the summit aims to implement the consensus reached at former G20 summits, and stress innovation, reform and development.

The following is the brief introduction of previous G20 summits: 

Nov. 14-15, 2008: The first G20 Leader’ Summit took place in Washington, the US, primarily focusing on strengthening financial regulation.

April 2, 2009: In London, Britain, the G20 leaders met for the second time with priority on coordinated fiscal and monetary stimulus measures to avert the threat of global depression.

Sept. 24-25, 2009: In Pittsburgh, the United States, the G20 leaders discussed further actions to assure a sound and sustainable recovery from the global financial and economic crisis.

June 26-27, 2010: In Toronto, Canada, the 4th summit of G20 leaders was convened under the theme of “Recovery and New Beginnings” to begin developing a framework for strong, sustainable and balanced growth.

Nov. 10-11, 2010: In Seoul, South Korea, G20 leaders met for their 5th gathering with “Shared Growth beyond Crisis” as its theme. Discussion on ways to lead the global economy out of a downturn took the central stage of the meeting.

Nov. 3-4, 2011: In Cannes, France, G20 leaders gathered to discuss how to tackle major issues affecting economic recovery and financial stability at a time of heightened tensions and significant downside risks for the global economy.

June 18-19, 2012: In Los Cabos, Mexico, the 7th G20 summit was held with main topics on the euro-zone crisis and other key global issues, including the strengthening of financial systems, development, trade and employment.

Sept. 5-6, 2013: In St. Petersburg, Russia, G20 leaders converged for their 8th summit with host Russia setting fostering economic growth and job creation as the primary objectives.

Nov. 15-16, 2014: In Brisbane, Australia, G20 leaders convened for the 9th time setting the summit’s priority as raising global growth to deliver better living standards and quality jobs for people across the world.

Nov. 15-16, 2015: In Anatalya, Turkey, G20 leaders discussed top global economic issues and pledged more collective actions to achieve strong, sustainable and balanced growth that can benefit all.

Source: Arab News