Full coverage: G20 Hangzhou Summit

How will the G20 summit in Hangzhou advance global economic growth through policy making? Yi Gang, vice governor of China's central bank says coordinated action is the answer.

Achieving a robust, sustainable and balanced growth is a goal for the group of the world's 20 major economies. Yi Gang says coordinated action should be at the center to tackle the risks facing that goal.

"Discussions on global financial issues will be at the top of this year's Hangzhou summit. G20 members agree that coordination in macro-economic policies are key to global growth," he said.

"Differences in monetary, financial and economic policies among world economies bring risk to global growth. So only through coordinated action can we tackle those challenges."

Yi says China is ready to secure the consensus into down-to-earth action among G20 nations.
 
"We will also discuss a range of detailed issues covering global financial regulation, reforming the financial system and also boosting inclusive growth. A successful solution to these issues will pave the way to reach our growth target," he said.

Combined GDP of the G20 members takes up 90 percent of the world's total. Analysts expect the Hangzhou summit will come up with a responsible road-map for global growth, which, they believe, will also be good for slashing political uncertainties and poverty alleviation.