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The theme of the G20 summit is "Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy." The summit is scheduled for Sept. 4-5.

Foreign trade in the first seven months of the year was 3 percent lower than a year before, with exports down 1.6 percent and imports down 4.8 percent, the General Administration of Customs said earlier this month.

"We will never stop our construction on the Nansha Islands halfway... the Nansha Islands are China's inherent territory, and our necessary construction on the islands is reasonable, justified and lawful," Wu said.

ROME, Aug. 8 (Xinhua) -- China's role in promoting global economic growth is vital, an Italian economic expert told Xinhua in context of the forthcoming G20 summit to be held in Hangzhou, China.

More specifically, that necessitates an upgrade of the world's premier platform of global economic governance -- the Group of 20 (G20).