Earlier G20 summits has shown that China is a responsible player in global financial markets, a staunch supporter of free trade, and a champion for developing countries. Here is a glimpse of what China has said at the previous G20 summits:
China, as chair of the G20, is hosting the G20 Leaders Summit for the first time. It is being held in Hangzhou, Zhejiang province, on Sept 4 and 5.
In Hangzhou, Chinese President Xi Jinping and US President Barack Obama will have separate meetings, which will be their eighth since 2013.
Share prices of A-share listed companies which are suppliers to facilities and utilities serving the G20 summit in Hangzhou fluctuated over the past week amid short-term speculation and profit-taking, but analysts said on Friday they were bullish in the long run for the companies, given an expected improvement in their business environments.
Eight years after the global financial crisis, growth has failed to return to anything that would have been considered normal before the crisis.
Hangzhou has been preparing for the G20 Summit for some time, and citizens of all ages have come out to celebrate in the lead-up to the big event, some in unconventional and spontaneous ways.
China has shown unparalleled leadership by inviting more developing countries to the G20 Summit scheduled to take place in Hangzhou, Zhejiang province.
This year's G20 summit, to be held in Hangzhou, China, has gained a growing amount of attention from the international community. Here is a selection of quotes from international media.
The G20 Summit is a huge event for the global economy and financial system, and the president of Kazakhstan will raise proposals and discuss international concerns with other leaders, the country's ambassador to China said.
Huge potential remains to be tapped from the G20 as it provides a unique opportunity for leaders to reach consensus on future direction, and China's efforts to make it more effective are deeply appreciated, Canada's top envoy in China said.
The coordinating cooperation under the framework of G20 is always the key element of the Sino-Russia comprehensive strategic partnership, and Russia looks forward to fruitful results from the upcoming G20 summit in Hangzhou, the Russian ambassador said.
Germany welcomes China's G20 economic agenda and called for more innovation, less protectionism and more structural reforms, German ambassador to China Michael Clauss told China Daily ahead of the summit.
An important economic indicators system for structural reform is expected to be highlighted during the G20 summit, some aspects of these indicators were unveiled and showed their potential to fuel the economies of the world.
Egypt is confident that the G20 summit to be held in China's Hangzhou will succeed in working out ways to promote world economic growth, and Cairo's ties with Beijing will grow stronger, said Egyptian President Abdel Fattah al-Sisi.
How did G20 cope with global financial crisis?
Shada Islam, director of policy at the Brussels-based think tank Friends of Europe, recently told Xinhua that the upcoming G20 summit in Hangzhou offers China a unique opportunity to showcase its skills as chair of the world's prime global governance forum.
China will establish a green financing mechanism to facilitate the economy's transition to sustainable growth, becoming the first country worldwide to make such a move.
The theme and agenda items demonstrate China's vision of improving the global economic governance and pushing the world economy back on track.
China is expected to take the lead on reaching coordination between major economies for pushing a growth strategy so that the geopolitical divides around the globe will disappear.
The G20 Hangzhou Summit will take place in the midst of rising global political, military, economic and cultural tensions.