Skip to Content Facebook Feature Image

G20 summit ends with commitment to multilateralism

HotTV

HotTV

HotTV

G20 summit ends with commitment to multilateralism

2025-11-24 05:41 Last Updated At:16:18

The 20th Group of Twenty (G20) Summit, which spanned two days, concluded on Sunday in Johannesburg with world leaders reaching consensus on a wide-ranging declaration.

At the closing ceremony, South African President Cyril Ramaphosa highlighted the successful adoption of G20 South Africa Summit: Leaders' Declaration which demonstrates that world leaders' "shared goals outweigh our differences."

The 122-point declaration underscores the need to address global challenges through multilateral cooperation and calls for stronger support for developing countries to advance inclusive growth and sustainable development.

Ramaphosa emphasized that this was the first G20 summit ever held on the African continent and that South Africa has seized the opportunity of its presidency to ensure the priorities of Africa and the Global South were placed at the heart of the G20 agenda.

South Africa assumed the rotating G20 presidency on Dec 1, 2024, becoming the first African nation to hold the position. The United States is scheduled to take over the presidency on Dec. 1, 2025.

G20 summit ends with commitment to multilateralism

G20 summit ends with commitment to multilateralism

G20 summit ends with commitment to multilateralism

G20 summit ends with commitment to multilateralism

China's online transactions saw a remarkable increase in both volume and value during the just-concluded Spring Festival holiday, data from the People's Bank of China (PBOC) showed on Tuesday.

From Feb 15 to 23, Chinese online payment-clearing house NetsUnion Clearing Corporation and card payment giant China UnionPay processed approximately 39.3 billion online transactions totaling 13.12 trillion yuan (about 1.9 trillion U.S. dollars), according to the PBOC.

Compared to last year's Spring Festival holiday period, the average daily number of transactions rose by 37.45 percent and the average daily value of transactions by 19.26 percent.

The PBOC data also showed that in the same comparison period, the average daily value of transactions that inbound travelers made using the two platforms increased 78.1 percent in volume and 44.33 percent in value.

The Spring Festival, which is also known as Chinese New Year, fell on Feb 17 this year. It is usually a period of vibrant consumption activities as people return home for family reunions or travel to tourist destinations to celebrate the holiday.

China's online transactions rise during Spring Festival holiday

China's online transactions rise during Spring Festival holiday

Recommended Articles