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10 key achievements of G20 Hangzhou summit (3)

(People's Daily Online)    15:22, September 07, 2016

8: Industrialization in Africa and Least Developed Countries (LDCs)

The communiqué emphasizes inclusive and joint development so that the fruits of G20 benefit the whole world, and especially developing regions. The Hangzhou summit placed issues of development in a prominent position within the global macroeconomic policy framework. The summit also endorsed an action plan for the UN's 2030 Agenda for Sustainable Development, and supported efforts for industrialization in Africa and LDCs.

9: Entrepreneurship and employment

The communiqué has highlighted the importance of employment, considering that quality employment is indispensable for sustainable development and is at the center of the G20's global agenda. G20 members recognize entrepreneurship as an important driver for job creation and economic growth, and welcome China's contribution of an Entrepreneurship Research Center for G20 Economies.

The communiqué also emphasizes the need to monitor progress in a systematic and transparent manner, especially when it comes to child labor and equal inclusion of women in the labor force.

The G20 Entrepreneurship Action Plan, endorsed at the Hangzhou summit, aims to promote lasting prosperity and achieve sustainable global development.

10: Climate change

The communiqué clearly reiterates the commitment of G20 member countries to addressing climate change through sustainable development. Members also resolved to facilitate the implementation of the Paris Agreement by the end of 2016.

In the course of the summit, G20 members reaffirmed the importance of the Green Climate Fund, and of developed countries following through on the UNFCCC commitment to financially assist developing countries in their sustainable development.

The Hangzhou summit's emphasis on sustainability shows the world China's determination to win the fight against climate change. It also reflects China's leadership abilities and status as a responsible major power, attempting to solve the common issues facing all mankind.


(For the latest China news, Please follow People's Daily on Twitter and Facebook)(Editor: Du Mingming,Bianji)

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