CRI听力:China Calls for G20's Members to Play Greater Role

Financial officials and bankers from more than 40 countries have attended the conference.

Chinese Deputy Finance Minister Zhu Guangyao highlighted the risks facing the world economy.

"Now, global economy faces big challenges particularly uncertainty and complexity. (At the) beginning of the year, IMF unfortunately downgraded global economic growth again from 3.8 percent to 3.5 percent. This is consecutively from last year IMF already four times downgrade global growth in 2015."

According to Zhu, diverging monetary policies and the fall of oil prices are also sources of risk for the global economy.

He also adds that the economic slowdown in Europe is another risk, as Greece casts additional uncertainties to the euro zone.

Therefore, the minister has called on G20 members to join efforts to face the challenges.

"Now that's need more strong policy and real coordination on policy to promote economic sustainable development. And we really hope facing challenge of uncertainty and complexity this year's G20 agenda and Turkey's Presidency can really achieve its target."

The deputy minister has also stressed that China will continue to record strong and sustainable economic growth, contributing to the stable global economic development.

At the same time, the Turkish side has expressed willingness to interact with each member state to improve the global economy.

Turkey's Deputy Prime Minister Ali Babacan highlights the G20's significant role.

"G20 enables the countries to have a thorough discussion; you can have actual interactive dialogue. So that you have geographic representation, you have the developing and developed countries and so it focus on the global GDP. So the high presentation power and the ability to really discuss issues in an effective way is something I think makes G20 quite a special one."

The G20 Finance Ministers and Central Bank Governors Meeting kicked off on Monday in Istanbul.

The two-day meeting provides an opportunity for dialogue between senior officials and private-sector leaders in the international financial community.

The topics range from inclusive growth, job creation, private sector support for infrastructure investment, and financial globalization.

For CRI, I'm Wang Wei.