China has urged the G20 partners to consider development through the building of a digital economy to promote friendly growth and employment.
Speaking at the two-day summit in Hamburg, Chinese president Xi Jinping stressed the importance of an open and inclusive digital economy to bridge the gap between North and South.
“We should actively adapt ourselves to digital evolution, foster new economic drives, advance structural reforms and promote integrated development of digital and real economy”, said President Xi.
The plans fall part of an agreement signed upon in September last year during the G20 meeting in Hangzhou, China. Labelled the New Industrial Revolution Action Plan, its aim will be to improve productivity and competitiveness, while reducing energy consumption all for the chance to attain medium and long-term sustainable economic growth.
“We need to pay attention to digitised production and the impact of artificial intelligence on employment in various nations, and to take active employment policies”, added Xi. “We should push for the construction of a peaceful, secure, open and cooperative cyberspace, and explore ways to build multilateral, transparent and inclusive international trade rules in digital sectors”.
The talks ended over the weekend with many member states heralding success, despite mass protests and violence in the streets of Hamburg.