Speech chairman Xi made on the opening ceremony of G20 in Hangzhou
By Stella on 2016-09-12

In the next two days,  under the theme of this Summit, we will have discussions on 

strengthening policy coordination, breaking a new path of growth, more effective and 

efficient global economic and financial governance, robust international trade and 

investment, inclusive and interconnected development as well as other issues affecting the world economy. 

The growth momentum generated by the last round of scientific and technological progress is diminishing, while the new round of scientific and industrial revolution has just started.Population aging is happening in all major economies and the decline in population growth puts economic and social pressure on countries. Economic globalization is sufferingsetbacks, protectionism and inward-looking trends are on the rise, and the multi- national trading regime is under pressure. Despite notable progress made in financial regulatory reform, the risks of excessive leverage and bubbles continue to build up. Under the impact of all these factors, the global economy, while still on the road to recovery, faces multiple risks and challengessuch as weak growth momentum, sluggish demand, volatility in financial market and slow growth in international trade and investment. 

For the meeting,

First, in the face of these challenges, we should strengthen macroeconomic policy coordination,and jointly promote global growth and uphold international financial stability.

Second, in the face of these challenges, we should break a new path for growth and generate new growth momentum.

Third, in the face of these challenges, we should improve global economic governance, and strengthen institutional safeguards. 

Fourth, in the face of these challenges, we should build an open global economy, and continue to promote facilitation and liberalization of trade and investment.

Fifth, in the face of these changes, we should implement the 2030 Agenda for Sustainable Developmentand promote inclusive development.

(excerpt taken from the internet)