Cheng Shi, executive director and head of research at ICBC International Research Limited in Hong Kong. [Photo provided to China Daily]

President Xi Jinping's speech at Business 20 on Saturday integrates traditional Chinese, which highlights amity, sincerity, mutual benefit and inclusiveness, into the reform of global governance. It also introduces the Chinese perception of innovative, coordinated, green, open and shared development onto the world stage, thus providing a new way of thinking for the world to build a community of shared destiny. It is our hope that the G20 Summit in Hangzhou will reach consensuses and agree on more actions for global economic governance.