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by Mahmoud Fouly


CAIRO， Aug. 29 (Xinhua) -- The upcoming G20 summit to be held in China with the participation of some developing countries represents a real opportunity for reviving and reshaping the world economy that has been facing decline over the past few years， said Egyptian economic and political experts.


China chose "Toward an Innovative， Invigorated， Interconnected and Inclusive World Economy" as the theme for this year's summit that will be held in the city of Hangzhou on Sept. 4-5.


In late 2008， the representation at the G20 changed from the level of finance ministers and central bank governors to heads of states due to their realization of the heaviness of the economic crisis.


This year， China invites two developing countries as the G20 summit guests of honor， namely Egypt and Kazakhstan， besides the participation of Chad as current head of the African Union (AU)， Senegal as China's basic partner for African development and Laos as chief of the Association of Southeast Asian Nations (ASEAN).


"China puts this summit back on track and restores its original goals as an economic summit where economic cooperation and exchange among states are separated from their level of political relations，" Diaa Helmi， head of the Egyptian-Chinese Chamber Of Commerce， told Xinhua.


The expert stressed that China seeks openness to the world including Africa， the Arab world， the Middle East region and other states， adding that both Africa and Western states are currently heading east towards China， "which reflects success of the Chinese economic experience as a model to follow."


"China redraws the world economic map at a very critical timing， as the world is economically suffering from terrorism， wars and civil conflicts，" Helmi continued， arguing that this year's summit is meant to free the world from "old， stagnant economic policies" including domination and political-based favoritism.


For his part， Mahmoud Allam， Egypt's former ambassador to China， noted that the G20 summit comes eight years after the financial crisis in 2008 amid world economic recession and declining world trade traffic， "which affects growth rates particularly in developing states."


According to the International Monetary Fund (IMF)， world economic growth rate declined to 2.4 percent in 2015 compared to 4.8 percent in 2011.


"The world today needs to realize the necessity for worldwide mutual economic cooperation and world economy should be. Tremaine Edmunds Jersey Authentic Sam Darnold Jersey Authentic Russell Wilson Jersey Authentic Rob Gronkowski Jersey Authentic Odell Beckham Jr Jersey Myles Jack Womens Jersey Mitchell Trubisky Youth Jersey Minkah Fitzpatrick Youth Jersey Le'Veon Bell Steelers Jersey Lamar Jackson Ravens Jersey