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HANGZHOU, Sept. 6 (Xinhua) -- The G20 Hangzhou summit, with its broad achievements, will help chart a clearer future course for the troubled world economy, State Councilor Yang Jiechi noted on Tuesday.

It will provide an instant and effective communication channel for direct discussion and coordination among senior diplomats from related countries.

While adhering to an independent and peaceful foreign policy and a path featuring peaceful development, China is ready to enhance cooperation with other countries all over the world, including Bulgaria, to jointly safeguard global peace and stability and promote common development and prosperity, said the premier.

They should also strengthen cooperation over international hot spot issues and within the frameworks of the United Nations, G20 and Asian Infrastructure Investment Bank, Xi said.

Premier Li said that now world economic recovery remains slow and global trade is sluggish. Meanwhile, the idea of "de-globalization" is emerging, as represented by protectionism and isolationism; geopolitical risks are increasing; and Britain's exit from the EU has brought new complexities to the world situation. This important roundtable is being held at a time when the world economic development is at a crucial stage. Being the first collective dialogue between the Chinese government and major international economic and financial institutions, the roundtable demonstrates China's readiness to strengthen communication with the international community. We hope that all sides will have a correct reading of the development trend in the world, put forth good policies to spur world economic growth, and work together to promote economic recovery, stabilize the financial sector and guide market expectations. Premier Li raised the following five proposals at the roundtable: