Four economic priorities of the G20 Summit in Hangzhou

Published September 5th, 2016 - 05:57 GMT
The G20 is an international forum for the governments and central bank governors from 20 major economies. (AFP/Mark Schiefelbein)
The G20 is an international forum for the governments and central bank governors from 20 major economies. (AFP/Mark Schiefelbein)

The eleventh G20 Summit has kicked off yesterday in the Chinese city of Hangzhou under the slogan “Towards an innovative, invigorated, interconnected, and inclusive world economy.”

Saudi Deputy Crown Prince Mohammed bin Salman bin Abdulaziz, Second Deputy Premier and Minister of Defense, arrived on Sunday in Hangzhou to lead Saudi Arabia’s delegation.

The Saudi Deputy Crown Prince has met with Turkish President Recep Tayip Erdogan in the Chinese city on Sunday. Both discussed bilateral relations and means to enhance them at several levels. They also tackled the latest developments in the Middle East.

Prince Mohammed bin Salman had landed in China coming from a successful trip in Japan. The Prince arrives to Hangzhou with his “Vision 2030” initiative.

On the eve of the G20 summit, President of China Xi Jinping announced that his country would work with all parties to help the meeting subscribe a remedy for the world economy to achieve a strong, sustainable, balanced and comprehensive growth.

China will focus on four main economic priorities during the summit: Breaking a new path for growth; More effective and efficient global economic and financial governance; Robust international trade and investment; Inclusive and interconnected development.

The G20 is an international forum for the governments and central bank governors from 20 major economies.

China imposed extremely tight security measures ahead of the summit. The measures led to a verbal quarrel between the U.S. national security adviser, Susan Rice, and a Chinese security official who opposed the presence of a large number of U.S. press corps under the wing of Boeing 747, following the landing of U.S. President Barack Obama in Hangzhou Sunday.

The Chinese official was shouting at journalists, asking them to immediately leave the place. However, when Rice intervened, the Chinese official replied, also shouting at her in English: “ This is our country! This is our airport!”

By Fadiah Fawzi
 

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