Chinese vice premier invites business leaders to offer advice for G20 China

Vice Premier Wang Yang on Tuesday called on business leaders to offer suggestions for the 2016 G20 summit, which will be held in China this September.

In his address to the launching ceremony of the Business 20 (B20), which groups business leaders of G20 members, Wang said the theme of the Hangzhou summit "building an innovative, invigorated, interconnected and inclusive world economy" reflects the key issues of the world economy and appeals of different countries.

He encouraged business leaders to focus on the construction of the G20 trade investment mechanism to boost global trade and investment cooperation.

He called on business leaders to focus on infrastructure construction and explore new approaches that that could balance the interests of all parties.

The vice premier also spoke about coordination of macroeconomic policy and financial regulation cooperation as well as inclusive growth, as the public can benefit from world economic growth.

China will host the G20 summit in the eastern city of Hangzhou from Sept. 4 to 5. The country formally took over the G20 presidency on Dec. 1, 2015.

B20 is a forum through which the private sector produces policy recommendations for the annual meeting of the G20 leaders. It brings together business leaders from across G20 member countries to reflect upon the role of the private sector as the main driver of economic growth.

Some 500 business leaders and representatives from G20 countries and international organizations attended the launch ceremony at the Great Hall of the People in downtown Beijing by the China Council for the Promotion of International Trade (CCPIT). Endite