The International Monetary Fund is exploring ways to broaden the use of its Special Drawing Rights after the leaders of the G20 reached a consensus on the matter at the G20 Summit in Hangzhou.
The consensus to reject trade protectionism is an important result of the G20 summit in Hangzhou, China, when the world is facing a sluggish economy, Mexican expert Jose Luis Leon-Manriquez said during a recent interview.
The 11th summit of the Group of 20 (G20) major economies concluded here on Monday, reaching extensive consensus on pursuing innovative, invigorated, interconnected and inclusive world economic growth.
In the days just past, leaders from the world's 20 major economies reviewed how the international community saved the global economy from a financial meltdown in 2008.
On a chilly, wet day in early winter of 2008, leaders of the world's 20 major economies gathered at the height of the global financial crisis in downtown Washington.
Much has, and still can, be written about China's development journey since the late 1970s, but drastic changes could be said to have occurred in the last two years in shouldering international responsibility.
The 11th summit of the G20 major economies is expected to open a new path for growth and more efficient global economic governance, international experts have said.
Egyptian economists and businessmen stressed on Sunday that the G20 summit being held in the eastern Chinese city of Hangzhou will help Egypt attract more investments to revive its ailing economy.
Chinese President Xi Jinping showed his leadership on Sunday by outlining concrete proposals for boosting the global economy, said Ignacio Martinez Cortes, a researcher on Chinese affairs at the National Autonomous University of Mexico.
Leaders of the G20 economies took a break on Sunday from their tight schedules and set sail into the night waters of the West Lake in the eastern Chinese city of Hangzhou.
Political and business leaders from across the world rang the alarm here over the weekend against a broad resurgence of trade protectionism, calling for concerted efforts to boost global trade.
The Business 20 (B20) summit, which was attended by business leaders and officials including those from the Group of 20 (G20) economies, came to an end Sunday with many consensuses and results, especially a policy recommendation report.
The G20 summit in the eastern Chinese city of Hangzhou will be an opportunity for China to promote its own development model and to push the G20 members to adopt a joint approach towards infrastructure finance, a foreign policy expert told Xinhua in a recent interview.
As leaders of the world's major economies are to gather in Hangzhou, all eyes are on China to see what the economic powerhouse can offer in global governance to revive the world economy.
The Group of 20 (G20) summit to be held in eastern China's Hangzhou city will offer an opportunity to inject fresh impetus into the global policy coordination process, Standard Chartered CEO Bill Winters has said.
The upcoming G20 summit is a platform for China to play a steering role in seeking global cooperation, addressing international financial and economic issues, and supporting less-developed countries, Lao President Bounnhang Vorachit said on Thursday.