The city of Hangzhou hosts the 11th G20 summit

World leaders have gathered at the annual G20 summit which is being held in China for the first time. This year’s meeting is primarily dedicated to build an innovative global economy which must include emerging economies in order to create a “healthy and coherent” world system.

Therefore, the event’s agenda is essentially being ruled by economic issues. China’s major aim is to promote strategies which will improve global economic governance and strengthen financial, energy and tax cooperation.

However, economic and financial policy is not the only issue that is being discussed these days. World leaders have the opportunity to socialize and address crucial issues on the global agenda, from the current geopolitical crisis to the issue of climate change. In fact, UK Brexit plan, Syrian war, the armed conflict in eastern Ukraine and the need to definitely eliminate ISIS are some of the matters for which world leaders are seeking effective solutions.

Finally, Chinese President Xi Jinping sees this summit as the perfect opportunity to show the world that China is a powerful nation and thus able to take a guiding role in the world economy.

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