The 14th Group of 20 (G20) summit is slated to be held in Osaka, Japan on June 28 and 29. Chinese President Xi Jinping will once again join the leaders of other G20 members, guest countries, and heads of international organizations for discussions on stabilizing world economy and promoting global economic governance.
How to further build an interconnected world economy has become a common task facing the international community when unilateralism and protectionism are seriously impacting the international economic order and markedly adding risks and uncertainties to the world economy. The G20 is a premium forum for international economic cooperation.
Adhering to building an open world economy is an important experience of the G20 in coping with the international financial crisis, as well as an inevitable requirement for advancing world economic development. China is an advocator and promoter of an open world economy.
The world economy is currently confronted with slackening growth and rapidly mounting risks. Unilateralism and protectionism, placing severe impacts on the international order and the multilateral trading system, have become the largest risks that threaten global economic stability.
