G20 action for business promotes sustainability

The G20 Summit in Rio de Janeiro will help foster global consensus and bridge differences, creating a favorable environment for entrepreneurship that can help tackle today's global challenges and support sustainable development, said Gao Jian, director of the Entrepreneurship Research Center on G20 Economies at Tsinghua University.

"The G20 is a broad international mechanism that includes both developing and developed countries, ensuring representation from various regions and continents. Each participant plays a unique role. Therefore, the annual G20 Summit and its agenda are indeed beneficial for global economic development," Gao said.

"This year's theme — 'Building a Just World and a Sustainable Planet' — indicates that in global development, every economy aims to create more employment opportunities, secure a good position in global trade, and avoid falling behind. However, this must not come at the expense of sustainable development, which requires addressing employment issues and the green and digital transition," said Gao, who is also professor at the department of innovation, entrepreneurship and strategy at Tsinghua's School of Economics and Management.