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TNewImagehe G20 leaders annual meeting is being held in Hangzhou. The city holds significance for its natural beauty – heaven on earth as the Chinese describe it – and for being the hometown of Alibaba, China's world famous e-commerce company, a symbol for Chinese transformation from the world's factory to a high-tech economy. Indeed, the Global Innovation Index(GII) 2016 released this month, placed China in the top 25 among 128 countries to become the first middle-income economy to join this group.