Innovative power management and control solutions for a smart life
The G20 Summit is about to open in Hangzhou, China. As the 2016 chair, China chose the theme "Innovation, Vitality, Linkage and Inclusiveness". These eight characters encapsulate the most critical solutions for global economic governance, and point the way towards strong, balanced and sustainable global growth. What draws the most attention from the international community is that the G20 has made an action plan for implementing the 2030 Agenda for Sustainable Development a core outcome, mobilizing resources to deliver the Millennium Development Goals. The G20 has for the first time become a core force for implementing the UN 2030 Agenda for Sustainable Development, giving global sustainable development new meaning:
First, innovation-driven development. Innovation is the source of momentum for long-term sustainable development. Innovative technologies, an innovative economy and innovative institutions help release global economic vitality and creativity, and allow factors of production and resources to flow more effectively and conveniently worldwide. An important direction for the G20 in promoting long-term economic growth is cooperation among countries in the field of innovation. China's priority innovation topics in 2016 include supporting the development of SMEs, conducting R&D cooperation to address global challenges such as climate change, and promoting equal participation in and the sharing of innovation among members to solve sustainable development problems - closely echoing implementation of the UN 2030 Agenda.
Second, connected development. Connectivity is the inevitable choice for achieving overall, comprehensive and coordinated global development. China's 2016 G20 connectivity agenda focuses mainly on promoting international capacity cooperation, reviving global trade and investment, helping underdeveloped countries and SMEs integrate into global value chains, and aligning and coupling national and regional infrastructure investment strategies, while encouraging multilateral development banks to share information and experience worldwide. China's advocacy of "connected development" aims to break down barriers, reduce economic uncertainty and achieve complementary economic advantages.
Third, inclusive development. Inclusiveness is a value orientation that emphasizes that the results of development should benefit the globe and promote fairness and justice. In the early days of the G20 leaders' summit mechanism, former UK Prime Minister Gordon Brown observed that in a new era of globalization, prosperity is inseparable. Global problems require global solutions, and sustainable development must be achieved through sharing. In this sense, inclusive development is also a G20 value. China brought the spirit of inclusiveness into the hosting of its 2016 meetings and formulated an action plan for the 2030 Agenda, paying particular attention to sharing implementation experience worldwide and supporting the development of developing countries, especially low-income countries. The agenda also covered global coordination and cooperation on industrialization, inclusive finance, quality employment, information exchange, technology transfer and financial assistance in less developed regions such as Africa, and on tackling food security, nutrition, health and refugee issues. It is a profound interpretation of China's concept of "joint contribution, joint benefits and shared development".
Fourth, sustainable development. Fully implementing the 2030 Agenda for Sustainable Development is one of the main tasks of the 2016 G20. Implementing the UN 2030 Agenda requires addressing inequality and injustice in global economic development while coordinating responses to major challenges such as climate change and environmental protection. To this end, the 2016 China G20 established a Green Finance Research Group to help drive the global economy towards a green transition; issued a chair's statement to promote the early entry into force of the Paris Agreement; promoted a global transition to sustainable agriculture; incorporated sustainability into infrastructure investment discussions; and advanced sustainable consumption and production patterns, outlining the picture of achieving the 2030 Sustainable Development Goals.
2016 is the first year of China's 13th Five-Year Plan. Over the next five years, the Chinese economy will continue to maintain medium-to-high growth, and by 2020 China will double its GDP and the income of urban and rural residents compared with 2010 - a significant contribution to global sustainable development. 2016 is also the first time China has chaired the G20 Summit, and we believe it will play a positive leading role, contributing Chinese wisdom to global sustainable development and opening a new path towards 2030.