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Agricultural Development Bank of China
Economy

China discloses G20 economic, financial outcome documents

September 18, 2016


Abstract : China disclosed on Wednesday a series of economic and financial outcome documents from the recent G20 Hangzhou summit.

BEIJING, Sept. 14 (Xinhua) -- China disclosed on Wednesday a series of economic and financial outcome documents from the recent G20 Hangzhou summit.

A total of fifty outcome documents, including the Hangzhou Action Plan, reports from international financial institutions and growth strategies for group members, have been posted on the official website of the People's Bank of China.

The Hangzhou Action Plan, a core outcome document, sets out a suggested strategy for the global economy to follow so as to forge a clear path toward strong, sustainable, balanced and inclusive growth.

The plan includes a large number of policy actions that G20 members will implement over the coming years, including macroeconomic measures to boost growth and create jobs in the short term and structural reforms to raise economic productivity and living standards over the medium to long term.

Other policy actions aim to ensure the growth G20 members seek in both the short and medium term is shared evenly, resilient in the face of unexpected circumstances, sustainable, and supportive of the natural environment.

Other documents cover a wide range of global financial issues including accountability assessment, more stable and resilient international financial architecture, digital financial inclusion, green financing and financing for small and medium-sized enterprises.

The G20 Hangzhou summit ended on Sept. 5 and adopted a communique that clarified the development direction, targets and measures for the group's cooperation. Enditem

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Keyword: hangzhou G20

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