Shen Danyang, spokesman for the Ministry, made the remarks at a news conference in Beijing.

 

"China took over the rotating G20 presidency² on December 1, 2015, and a series of meetings have been started successively through various channels. As a department which coordinates³ trade and investment cooperation, the Ministry of Commerce will host the G20 trade ministers meetings from July 9 to 10 this year in Shanghai, before which three trade and investment work team meetings will be held."

 

Shen says G20 member states have strong desire to enhance trade and investment cooperation amid the slowdown of global trade and economy. 

 

In such a background, through China's proposal, leaders of the G20 demanded in 2015 that trade ministers meetings be held periodically and agreed to establish a supportive work team.

 

"China hopes member nations, through trade ministers' meetings and a series of work team meetings, will carry out in-depth discussions over issues including constructing a trade and investment platform among G20 countries, promoting global trade growth, supporting a multilateral trade system, enhancing coordination⁴ and cooperation of investment policies, and advancing an inclusive and coordinated⁵ global value chain."

 

The next annual G20 summit is also to be held in China, in Hangzhou in September.

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