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China experience to be shared at G20 in Hangzhou
   2016-08-30 19:04:55    CRIENGLISH.com      Web Editor: Guan Chao

A fence is lined with company names around a farm run by AKA Holdings in Beijing. [Photo: CRIENGLISH.com]

The advance work for the G20 Summit in Hangzhou has been underway for many months, with a whole series of preparatory meetings taking place between officials, interest groups and business leaders.

They have been guided by a slogan - 'toward an innovative, Invigorated, Interconnected and Inclusive world economy.

Far from being buzz words, they are actually concepts which have been extensively road-tested here in China, by businesses and entrepreneurs working within the so called 'new normal' economy where industry is looking for new growth engines to create success.

Just a few kilometers outside Beijing is a farm run by AKA Holdings. It grows and sells organic vegetables. They have 33 hectares of land and 208 greenhouses and list major internationals such as BMW, General Motors, Shell, Amazon and also Chinese enterprises like Bank of Beijing, Baidu, Pingan Insurance among their clients.

"We have a very good model," says executive director of the farm Dong Xiaoyan. "It is called internet farm. Usually our customers come here to pick vegetables from our farmland, and if they think the products taste good, they can make orders through their cellphone. Then we will deliver the products to them. All steps involved in the process, including logistic information from delivery service, are recorded and can be tracked on the phone."

The farm is also open to the public to drop in a buy food. Miao Miao is one of a growing number of people who buy organic food online. She says that she's been concerned about food security for sometime now.

"Sometimes in China, the food problem makes people worried. If you buy those things online, they have very good fast delivery. The prices are affordable; they also have a very good quality. You can see people's comments and sometimes they show pictures and you know it very well."

In many ways, AKA and its clients represent the opportunities and challenges posed by the world economy in microcosm. Big and small clients have created a demand ĘC AKA have spotted that demand and are satisfying it in a clever way.

AKA know they have been lucky ĘC innovations in technology, financing and regulatory reforms have made their task easier. But the Chinese government has made it known that more needs to be done to break down the barriers to creating new growth engines for the economy, especially in terms of restructuring and cutting red tape; creating partnerships at home and overseas; and in spreading the benefits of change to as many people as possible.

Zuo Xiaolei from China Galaxy Securities is believes the world is ready to learn from China's recent experience. And China is ready to reveal what it knows, in a spirit of friendship and cooperation.

"To prepare the G20 summit in Hangzhou, China has made lots of preparation, summoning meetings for finance ministers and central banks for many times to come up with discussion subjects, one of which is green financing. Discussing these topics in G20 will help the platform develop its role in shaping world's economic order."

China as hosts have put a huge amount of preparation into this G20 summit, and the agenda is extensive and detailed.

But as the opening session approaches, many experts and leaders around the world have expressed a strong feeling of optimism that Hangzhou could prove a turning point for the world economic order.

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