The 2016 G20 Summit will be held in Hangzhou in September under the theme of "Toward an Innovative, Invigorated, Interconnected, and Inclusive World Economy". An integral part of the theme is inclusive and interconnected development.
China holds the Presidency of the G20 this year and under its initiative, for the first time, the G20 is highlighting development issues in the framework of global macro-policy and working on a systematic plan of action for the implementation of the United Nation's 2030 Agenda for Sustainable Development. China is doing this for a number of important reasons.
Promoting G20 cooperation is needed to implement the 2030 Agenda for Sustainable Development, which commenced this year. Adopted at the UN Sustainable Development Summit last September, the Agenda is a future-oriented blueprint and a powerful written commitment. But setting the goals is only the first step. It must be followed through with the hard work and cooperation of all countries. The G20 is a major platform for international economic cooperation, and the international community expects it to play a leading role in this respect.
Development cooperation
Promoting G20 development cooperation is crucial for tapping new potential for world economic growth. As global economic growth, trade and investment remain sluggish, and the macro-policies of major economies diverge, new inequalities and imbalances in development may emerge. There is tremendous potential for the development of developing countries, which is like a blue sea yet to be navigated. Tapping this potential could unleash immeasurable power for growth and promote a global economic recovery.
Promoting development cooperation is China's unique contribution to the G20. China, the world's largest developing country, has been on a unique journey of development and maintains close connections with other developing countries. As it holds the G20 Presidency in 2016, China is playing the leading role in pushing the G20 to fully implement the 2030 Agenda for Sustainable Development, find a new path for world economic growth, and make its due contribution to the international cause of development.
Inclusive and interconnected development deals directly with development issues, facilitates coordinated progress among various economies, promotes interconnected and win-win development of all industries and enables people in all social strata to share in prosperity. It will be a major highlight of the summit.
This year, the G20 will formulate an action plan for implementing the 2030 Agenda for Sustainable Development. As a concrete step to contribute to the work led by the UN in this regard, collective and national actions will be taken to push for implementation among the G20 members and to support other developing countries in their implementation efforts.
