China fully ready for large-scale, multi-event B20 Hangzhou Summit

Updated: 2016-09-05

At a B20 press conference held on September 1, Jiang Zengwei, the 2016 B20 Chair and Chairman of the China Council for the Promotion of International Trade (CCPIT), said China is fully prepared for the B20 Hangzhou Summit, which will be opened on the afternoon of September 3 and conclude the morning of September 4. The high-ranking, large-scale meeting will feature many events, according to Jiang. 

The B20 news conference was the first ever held in the press conference hall of the G20 News Center. 

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Jiang said many high-ranking officials have been invited to the B20 Summit. Chinese President Xi Jinping will attend the opening ceremony and deliver a keynote speech. Xi will also receive the 2016 B20 Policy Recommendations to the G20 from Jiang on behalf of the business community. 

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Also, leaders from five countries – Argentina, South Africa, Turkey, Australia and Canada -- as well as executives from major international organizations, including the International Monetary Fund, the World Bank, and the World Trade Organization, will attend the summit and have discussions with business representatives. It shows that governments and international organizations attach great importance to and fully endorse the role of the B20, and intend to listen to the opinions of the international business community and garner insights and visions to promote international economic cooperation and stimulate progress in global economic governance.  

According to Jiang, this year’s B20 Summit will be unprecedented in terms of scale, as it will bring together representatives from governments, companies, think tanks and international organizations, including 812 from the business communities of 32 countries and regions and 26 international organizations. Among the participating companies, 142 are on the Fortune 500 list and 103 are among China’s top 500. Business communities worldwide want to take advantage of the B20 platform to facilitate in-depth communication and participation in global economic governance. 

Moreover, the summit will feature many events, including the opening ceremony, the release of the 2016 B20 Policy Recommendations to the G20, four special workshops, B20-G20 interaction meetings and the closing ceremony, Jiang said. During the special workshops, G20 leaders will be invited to have face-to-face communication with representatives from the business community on priority economic issues. At the closing ceremony, China will officially transfer the B20 presidency to Germany’s B20 team.