President Hu Jintao will pay a state visit to Austria and attend the G20 summit from Oct. 30 to Nov. 4, Foreign Ministry spokesperson Jiang Yu announced Friday.

The G20 summit is scheduled to be held in Cannes, France.

Hu was invited by both Austrian Federal President Heinz Fischer and President Nicolas Sarkozy of France, which is taking the G20 rotating presidency, Jiang said.

The summit, which groups the world's major economies, becomes a multilateral platform for advancing global economic cooperation.

The Cannes summit is expected to help restore market confidence amid the critical time for world economic recovery and the European debt crisis.

The G20 now comprises major developed economies including Canada, France, Germany, Italy, Japan, the United Kingdom and the United States, and others such as Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, the Republic of Korea, Turkey, and plus the European Union.