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Sub-anchor: the background on B20


08-10-2016 16:18 BJT

Full coverage: G20 Hangzhou Summit

The Business 20 is a forum through which the private sector develops policy recommendations for the annual meeting of the G20 leaders.

The B20 gathers business executives from the G20 member countries in a reflection of the key role that the private sector plays as the main driver of economic growth.

The B20 was first convened as a business summit during the Canadian G20 Presidency in June 2010. It continued to play an important role during the succeeding host years of South Korea, France, Mexico, Russia, Australia and Turkey.

Since 2010, the B20 summits have proposed more than 400 policy recommendations for the G20 leaders. Some of the proposals have been included in past summit communiques. The 2016 B20 summit will be held in Hangzhou with six major topics, including trade and investment, infrastructure, and employment, to be discussed.

Chinese enterprises are showing increasing interest in participating in the event. One hundred and fifty-six Chinese companies representatives will attend the summit. Those representatives include the heads of some of China's largest companies such as ICBC, Alibaba and Sinochem.

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