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President Xi advocates innovative growth


09-07-2016 12:19 BJT

Full coverage: G20 Hangzhou Summit

Full coverage: China’s Leaders

It is the first time in the G20's history that innovative growth was put on a summit agenda. At the Hangzhou Summit, Chinese President Xi Jinping emphasized the importance of innovation in the context of global economic development.

He said, "Facing the current challenges, we should innovate development mode, and generate new growth momentum. The G20 should change its policy approach, and play equal importance on both short-term and mid and long-term policies, and both demand-side management and supply-side reform."

"This year, we have agreed on the G20 Blueprint on Innovative Growth, and we have made the unanimous decision to break a new path and expand new frontier for world economy through innovation, structural reform, new industrial revolution and the development of the digital economy."

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