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CCTV Script 02/09/16

This is the script of CNBC's news report for China's CCTV on September 2, Friday.

Welcome to CNBC Business Daily, I'm Qian Chen.

How to regain economic growth? That's the key question to be asked during the G20 summit hosted in Hangzhou, China.

Here are few of the key themes set to dominate talks during the two-day event. monetary policies after Brexit.

The Bank of England's bigger-than-expected policy-easing move has added pressure to the European Central Bank (ECB) to take further stimulating action during its meeting on September 8.

Meanwhile, BOJ and Fed's next moves are being watched closely.

However, how effective these stimulating measures are, is still in a big question mark.

No2...structural reforms. Structural reforms are needed in both developed and developing markets, said IMF in a report.

The organization called on Thursday for G20 leaders to take much stronger action to boost demand, revive flagging trade, make long-delayed structural reforms to their economies and share growth more broadly.

No.3... trade protectionism.

Leaders of the United States, China and other Group of 20 major economies who meet this weekend say more trade would shore up sluggish global growth but are tightening their own controls on imports.

This year's global trade growth is forecast by the World Trade Organization at an anemic 2.8 percent - its fifth straight year below 3 percent.

Now, what's China's role?

Stephen Roach, former President of Morgan Stanley Asia, said China's contribution to the global economy is still important.

If Chinese GDP growth reaches 6.7 percent in 2016 - in line with the government's official target and only slightly above the International Monetary Fund's latest prediction (6.6 percent) - China would account for 1.2 percentage points of world GDP growth. With the IMF currently expecting only 3.1 percent global growth this year, China would contribute nearly 39 percent of the total, according to Roach.

Now, all eyes are on Hangzhou.

CNBC's Qian Chen, reporting from Singapore.

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