Under the theme of "Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy," this year's G20 Summit was held from September 4-5 in the eastern Chinese city of Hangzhou.
The G20, which represents 85 percent of global GDP, 80 percent of international trade and 65 percent of the world's population, is considered one of the most influential platforms for global financial governance.
The summit not only matters to countries all over the world, but also benefits their citizens, according to the Voice of China, a China National Radio program. Let's take a look at what benefits the summit brings.
Money: RMB's currency status rising
The expansion of Special Drawing Rights (SDR) use among the G20 members has been listed as one of the G20's key financial tasks. As China's RMB will officially be included in the Special Drawing Rights (SDR) basket on October 1, with a weighting of 10.92 percent, the currency's status will further gain international reorganization.
In the future, the use of RMB will be more convenient in terms of overseas study, tourism, shopping and cross border investment.
Jobs: more job opportunities
With many emerging economies and developing countries participating in the G20 summit, the market demand enlarges and more job opportunities are created.
The summit also paid special attention to women. The Women 20 (W20) summit, a preparatory meeting for the G20 Summit, called for granting women equal participation in national development and set a target of reducing the job participation gap between women and men by 25 percent in member countries by 2025.
Shopping: international goods provide more choice
G20 trade ministers have said they are committed to ratifying a trade facilitation agreement by the end of the year.
If it is realized, more international goods, and tourist and medical services will be offered on the market with competitive prices to give customers more choice. It is also easier for individuals to enjoy overseas investment and financial management products.
