China has set a goal of income distribution to, by 2020, basically realize an “olive-shape” society in which the middle class will account for 40% of all social classes.

China will continue to play an important role in promoting future global governance, a scholar has claimed following the Ninth Group of Twenty (G20) Summit held from November 15 to 16 in Brisbane, Australia.

Citing the agreement that participating state leaders reached to increase investment in global infrastructure and build an international infrastructure center, Xiong Aizong, associate research fellow at the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, stressed that China is always supportive of infrastructure construction.
 

On the regional and international levels, enhancing all-round interconnectivity and infrastructure construction, one of the three themes at the recently concluded Asia-Pacific Economic Cooperation (APEC) summit in Beijing, will significantly advance consensus prospects among G20 leaders over the development of global infrastructure, said Xiong.
 

To this end, China and other countries have jointly proposed building the BRICS Development Bank and Asia Infrastructure Investment Bank to finance infrastructure building of Asia and other developing countries.
 

The Brisbane meeting also declared China as host of the G20 Summit in 2016.
 

Xiong noted that China will continue to assume a significant role in the following two ways.
 

First, it will actively push for reform and improvement of the global economic governance system, direct the current mechanism to develop in a fairer and more effective direction, and strive to bolster the position of emerging and developing countries.

Second, China will take the initiative to help the G20 tackle international economic issues. By organizing the G20 summit, China will expand its role in agenda-setting and cooperation of relevant mechanisms. Meanwhile, it will further share its experience of development with countries around the world to contribute to the stable development of the world economy.