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Chinese President Xi Jinping and other leaders attending the 12th Summit of the Group of 20 (G20) major economies pose for a group photo in Hamburg Sam Darnold Jersey , Germany, July 7, 2017. (XinhuaLi Xueren)
by Xinhua writers Yan Feng, Zhu Sheng


BERLIN, July 11 (Xinhua) -- China made major contributions to the Group of 20 (G20) summit held last week in Hamburg, a Chinese diplomat has said.


The G20 Hamburg summit, held on July 7-8 Roquan Smith Jersey , was themed "Shaping an Interconnected World" and carried forward the principles rooted in last year's summit in Hangzhou, China, which highlighted innovation, vitality, interconnectivity and inclusiveness, Wang Weidong, commercial counselor of the Chinese embassy in Germany Ronald Jones Jersey , said in a recent interview with Xinhua.


Wang said the Hamburg summit continued the discussions of the Hangzhou summit on issues such as the digital economy, sustainable development, deepening partnership with Africa and promoting international anti-corruption cooperation.


This ensures the coherence and sustainability of the G20 agenda, Wang added.


At the Hamburg summit, the G20 leaders agreed to support free trade, globalization and open markets, and oppose protectionism. They pledged to further strengthen cooperation to seek a collective solution to the problems of global overcapacity.


Except the United States Rashad Penny Jersey , the other 19 members agreed that the Paris climate accord was irreversible and remained committed to it.


"(The summit) on the one hand maintains the G20 as an important platform for global economic governance to ensure that the G20 continues to play an active role. On the other hand, it shows the unity of the G20 in the face of crisis and difficulties and sends a positive message," Wang noted.


The diplomat added that bilateral meetings held on the sidelines further emphasized the need for free trade and globalization.


China has taken an active part in the transformation of the G20 group. After successfully hosting the Hangzhou summit last year, China worked together with this year's host Germany to ensure a continuation of the consensus reached last year, Wang said.


"China has worked hard to promote the transformation of the G20 to ensure its long-term governance. This is one of China's contributions to the global governance system," he said.


China has insisted on openness and inclusiveness in resolving the problem of world economic imbalance. This has helped increase the confidence of countries about future economic development, Wang said.


During the summit Rashaan Evans Jersey , Chinese President Xi Jinping delivered a speech calling on all parties to stay committed to building an open global economy, foster new points of growth, work together for more inclusive growth, and continue improving global economic governance.


Wang said China is committed to implementing the G20 consensus. While maintaining its own growth to remain a "stabilizer" and "ballast stone" of the world economy, China has worked hard on the Belt and Road Initiative to ensure that dozens of countries around the world reap its benefits.


Wang said the initiative is a public product China has provided for the world, and for countries to work together to promote strong, sustainable Quenton Nelson Jersey , and inclusive growth.


NEW YORK, July 8 (Xinhua) -- U.S. stocks posted modest gains this week as investors digested a batch of economic data.


For the holiday-shortened week, the Dow, the S&P500 and the Nasdaq edged up 0.3 percent, 0.1 percent and 0.2 percent, respectively.


On the economic front, U.S. total nonfarm payroll employment increased by 222 P.J. Hall Jersey ,000 in June, well above market consensus of 170,000, the Labor Department said Friday. The unemployment rate was little changed at 4.4 percent in June.


In June, average hourly earnings for all employees on private nonfarm payrolls rose by 4 cents to 26.25 U.S. dollars. Over the year, average hourly earnings have risen by 63 cents, or 2.5 percent.


"This was a strong jobs report Nick Chubb Jersey , with a better-than-expected payroll rise augmented by a solid upward revision," said Chris Low, chief economist at FTN Financial, in a note.


"From a longer term perspective, this jobs report confirms the economy is humming along at a moderate pace with no significant wage pressures. The Fed can and should take its time normalizing policy," he wrote.


The non-manufacturing index came in at 57.4 percent in June, which is 0.5 percentage point higher than the May reading of 56.9 percent Nathan Shepherd Jersey , the Institute for Supply Management said Thursday.


U.S. Commerce Department announced Thursday that the goods and services deficit was 46.5 billion U.S. dollars in May, down 1.1 billion dollars from April's revised reading.


Meanwhile, the Federal Reserve released minutes from June meeting on Wednesday.


According to the minutes, the information reviewed for the June meeting showed that labor market conditions continued to strengthen in recent months and suggested that real gross domestic product (GDP) was expanding at a faster pace in the second quarter than in the first quarter.


"Members agreed that, in determining the timing and size of future adjustments to the target range for the federal funds rate, the Committee would assess realized and expected economic conditions relative to its objectives of maximum employment and 2 percent inflation," said the minutes.


The minutes also showed that Fed officials believe the central bank's massive 4.5-trillion-U.S.-dollar balance sheet can be reduced with "limited" disruption to financial markets.


In addition Minkah Fitzpatrick Jersey , the June purchasing managers index came in at 57.8 percent, an increase of 2.9 percentage points from the May reading of 54.9 percent and beating market consensus of 55.1 percent, the Institute for Supply Management reported Monday.


The seasonally adjusted IHS Markit final U.S. Manufacturing Purchasing Mana

RIGA, Nov. 13 (Xinhua) -- .