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STRENGTHENING COMBAT CAPABILITY

With stagnation in global trade markets, turmoil and uncertainty in global financial markets, and the European Union and the eurozone stuck in a slow-growth trap, the summit will provide a new driving force for the strong and sustainable development of the global economy, Yang said.

The policy recommendations will cover topics such as encouraging robust international trade and investment, developing more effective and efficient global economic and financial governance, and enhancing infrastructure interconnectivity.

Addressing a colloquium focusing on international law and maritime disputes settlement, Xue said the ultimate objective for arbitration mechanism is to settle dispute rather than to escalate it.

Focusing on promoting robust, sustainable and balanced growth of the global economy, the B20 meeting will bring together more than 800 business leaders from 32 countries and 26 international organizations.