Win-Win Outcomes: World Economy

win-win outcomes: The world economy should become interconnected and inclusive to forge interactive synergy and strengthen the foundation for win-win outcomes, Xi said, according to Global Times China. Innovation holds the key to fundamentally unleashing the growth potential, Xi said, adding that the new round of scientific and industrial revolution with Internet at its core is gathering momentum. "The combination of the virtual economy and the real economy will bring revolutionary changes to our way of work and way of life." "Such changes will not take place overnight or be problem-free. All parties at the summit should work to build an innovative and open world economy to generate new drivers of growth and expand the scope of development, Xi said in a keynote speech at the opening ceremony of Business 20 summit in the eastern Chinese city of Hangzhou. They require all countries to work together to maximize and quicken their positive effects while minimizing the potential negative impacts," Xi said. Countries need to seize the historic opportunity presented by innovation, new scientific and technological revolution, industrial transformation and digital economy to increase medium- and long-term growth potential of the world economy. According to Xi, China has made "breaking a new path for growth" one of the major agenda items of the Hangzhou summit and has worked for the formulation of a G20 Blueprint on Innovative Growth. (news.financializer.com). As reported in the news.