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BEIJING, Aug. 15 (Xinhua) -- China hopes the Group of 20 (G20) summit in Hangzhou in September will spur new global economic growth, a Chinese official said Monday.

Past realities teach us that merely relying on fiscal and monetary policies does not work for the world economy, Xi said, adding that the world should pursue innovation-driven economy and create a new round of growth and prosperity.

Despite notable improvements to China's disaster relief system, there is still room for improvement, Xi said.

Adel al-Jubeir also vowed to make joint efforts with the Chinese side to implement the consensus reached by the high-level steering committee for coordinating bilateral cooperation, which held the first meeting on Tuesday.

Historically speaking, this, together with China's widespread innovation ascendency, should come as no surprise, Gurry said.