At the top of the program, we head to China's southwestern city of Chengdu, where the third G20 Finance Ministers and Central bankers meeting has opened. This is the last meeting for the finance ministers and central bankers before September's G20 Summit in East China's Hangzhou. For more, we are joined from Chengdu by our reporter Ming Tian.
Q1: A very packed agenda for the past day from Brexit and structural reforms to taxation and trade. Tell us some of the highlights.
Taxation is one of the macro policies of economic governance. At the G20 finance ministers and central bank governors' meeting in Chengdu, officials have been discussing tax policies and their role in driving growth. Ming Tian reports.
Global economies are discussing how tax policies could drive growth. This comes as the mode of production, organization, and international trade structure have all changed dramatically.
"The G20 countries may explore a more equal and rational international tax regime, which will promote international coordination and cooperation in taxation, and make greater contribution to achieve strong, sustainable and balanced global economic growth," said Lou Jiwei, Chinese Finance Minister.
The high-level taxation seminar hosts financial heavyweights of a number of major economies and organizations, including finance ministers from China, the US, Japan, and heads of the IMF and OECD.
Panelists noted the trend in taxation development and argued for deepening the international tax cooperation.
Tax officials in the audience agreed with the point, saying data sharing is the key.
"If we don't have the data, if we don't have the information, understand the main principle, major problem of economy, this is what will bring us together," said Dana Meager, Slovakian Vice Minister of Finance.
While officials are working towards concerted efforts on taxation policies, the difference remains on how to balance innovation with equity.
There's no doubt the business community would like to see less taxation, or even none.
"It is better not, so that companies can focus on invent," said Carsten Von Glinowiecki, general manager of Bosch Chengdu.
But policy makers say it is critical to retain a balance between driving innovation and making policies fair among all sectors.
"Reconciling tax policies that favor innovation and growth, with tax policies that favor inclusion and equity. That's the tension we face," said Tharman Shanmugaratan, Sigaporean deputy PM.
Another topic is leveraging tax policy to generate investment, especially foreign capital. Whether the seminars will bring any policy changes is unknown, but at least it strengthens the mood for cooperation and signals the political will to update the global taxation regime to serve a fragile world recovery.
Q2: We know Brexit was also front and center in the discussions. What's been said about that?
