As both China and the U.S. play critical roles in reshaping global governance, there is a need for a new concept of “order” that is all inclusive and can accommodate the interests and concerns of all countries, providing a common roof for all.

U.S. Secretary of State John Kerry called on Wednesday on China and the Philippines to abide by an international tribunal's decision on the disputed South China Sea and said there was no military solution to the problem.

U.S. President Barack Obama will urge leaders of the world's major economies to use fiscal policy and other tools to boost growth while paying more attention to angry citizens who feel left behind, Treasury Secretary Jack Lew said on Wednesday.

Chinese concepts and wisdom about “win-win cooperation”, “new type of major-country relationship”, “community of common destiny of all mankind” and “new security concept” will surely contribute to the G20 in the development of solidarity and a partnership spirit.

President Barack Obama will meet with Turkish President Recep Tayyip Erdogan next week for the first time since the attempted coup in Turkey in July, the White House said Monday.

As China assumes G20 leadership, the prospect of global “protectionism” is on the rise and the stakes could not be higher for cooperation and major structural reforms. Without continued investment and trade, secular stagnation in advanced economies and growth deceleration in emerging economies will continue to broaden.

The US should follow the historical trend of trade liberalization, abandon protectionism, and engage in non-discriminatory free trade. That is the only winning formula for its own and the rest of the world’s economic difficulties.

Strategies to stabilize world commodities and promote industrialization in Africa are key to achieving the goals of global governance and for sustainable growth. Giving less-developed nations outside the G20 an economic boost is a necessary commitment if any long-term global strategies are to be successful.

The G20 Summit hosted by Chinese President Xi Jinping will help alleviate current problems in a troubled world and become yet another milestone of a rising China. Despite US fickleness toward emerging countries, the summit may usher in a new era of global governance in which China will emerge as a leader with the world’s major powers, old and new, working together for common benefit.

Despite challenging times, by embracing innovation the Hangzhou G20 Summit will help bring about sustainable, strong and balanced global growth and chart a new direction for world economic development, namely, towards an innovative, invigorated, interconnected and inclusive world economy.