The upcoming G20 summit to be held in China with the participation¹ of some developing countries represents a real opportunity for reviving and reshaping the world economy that has been facing decline over the past few years, said Egyptian economic and political experts.

 

埃及经济和政治专家表示，即将在中国召开由一些发展中国家参加的G20峰会代表着振兴与重塑世界经济的真正机会。

 

China chose "Toward an Innovative², Invigorated, Interconnected and Inclusive World Economy" as the theme for this year's summit that will be held in the city of Hangzhou on Sept. 4-5. 

 

In late 2008, the representation at the G20 changed from the level of finance ministers and central bank governors to heads of states due to their realization³ of the heaviness of the economic crisis.

 

This year, China invites two developing countries as the G20 summit guests of honor, namely Egypt and Kazakhstan, besides the participation of Chad as current head of the African Union (AU), Senegal as China's basic partner for African development and Laos as chief of the Association of Southeast Asian Nations (ASEAN). 

 

"China puts this summit back on track and restores its original goals as an economic summit where economic cooperation and exchange among states are separated from their level of political relations," Diaa Helmi, head of the Egyptian-Chinese Chamber⁴ Of Commerce, told Xinhua.

 

The expert stressed that China seeks openness to the world including Africa, the Arab world, the Middle East region and other states, adding that both Africa and Western states are currently heading east towards China, "which reflects success of the Chinese economic experience as a model to follow."

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