Xi expects G20 summit to offer remedies to world economy

President Xi Jinping on Sunday urged the leaders of the Group of 20 (G20) major economies to prescribe remedies for the sluggish world economy to embark on a road of robust, sustainable, balanced and inclusive growth.

Xi made the remarks while addressing the opening of an annual G20 summit in the eastern Chinese city of Hangzhou.

As the leader of the world's second largest economy, Xi offered five proposals to buttress the global economic growth.

Firstly, he said, G20 members should strengthen their coordination in macroeconomic policies, jointly promote growth and safeguard financial stability.

Secondly, G20 members should innovate their growth patterns and explore new growth engines, he said.

Thirdly, G20 members should improve global economic governance and mechanism guarantee as well.

Fourthly, G20 members should build an open world economy and continue to promote the liberalization and facilitation of trade and investment.

Lastly, Xi added, the 2030 Agenda for Sustainable Development should be realized to promote inclusive growth.

Source : XINHUA