G20 summit concludes in Osaka, Japan

REUTERS: The 14th summit of the Group of 20 (G20) concluded in Osaka, Japan on Saturday. Addressing the keynote speech at close session, Japanese Prime Minister Shinzo Abe said the leaders have agreed in principle to govern the global economy. Amid the reform of the World Trade Organization, Abe said the reform is necessary to bring the organization to a new era by involving digital technologies to enhance its effectiveness. He also attached the importance of free data flow across borders among major G20 economies, of which new rulemaking is in progress. Besides, Chinese President Xi Jinping said Saturday that China supports the concept that high-quality infrastructure should be the foundation of inclusive development. He called for an open, green economy and transparent government. Xi also invited other countries to join the effort of building a sustainable and inclusive economy. World leaders discussed issues such as trade, the environment and innovation at the two-day event from June 28 to 29, marking the first-ever G20 summit hosted by Japan.