G20 optimistic on global economy despite challenges

Finance chiefs and central bank governors of the G20 group remained optimistic about the global economic growth despite many challenges, said Australia Treasurer Joe Hockey, whose country holds the G20 presidency, at a press conference on Friday.

The G20 countries concluded its final working session here on Friday, reiterating their goals reached in September.

The group reiterated their commitment to take measures to boost the global growth by 2 trillion U.S. dollars over the five years, develop a Global Infrastructure Hub to support infrastructure investment across the G20, stabilize the global financial system and ensure integrity in international tax system.

When asked about China's proposals to the meeting, the Treasurer said China has been one of the committed reformers and their proposals are deep and broad, which gives him encouragement.

According to Hockey, the policy proposals for reform from China will be revealed in the Brisbane summit in November.