US EUROPE AFRICA ASIA 中文
Opinion / Op-Ed Contributors

Hangzhou can consolidate G20's transformation

By LI YANG (China Daily) Updated: 2016-08-13 10:37

Hangzhou can consolidate G20's transformation

Staff work at the information desk for the 2016 G20 Finance Ministers and Central Bank Governors Meeting at the Pudong Shangri-La East Shanghai hotel in Shanghai, Feb 24. [Photo/IC]

New impetus to boost sustainable and balanced global growth, a hot topic at the G20 summits since the 2013 meeting in St Petersburg, has become an even more pressing issue now.

Last month, the International Monetary Fund lowered its forecast for global growth this year to 3.1 percent from 3.2 percent in April.

The United Kingdom's decision to leave the European Union is producing increasing political uncertainties, negatively affecting the confidence of investors worldwide.

And the emerging economies, which together have contributed more than 50 percent of world economic growth in recent years, are being pressured by external influences, such as the United States' macroeconomic and financial policy adjustments, as well as their own internal restructuring.

At their summit in Hangzhou in September, the leaders of the 20 major economies should "strive to build an innovative, invigorated, interconnected and inclusive global economy and explore new ways to drive development and structural reform", as Chinese President Xi Jinping said in a message to the G20 after China took over the rotating presidency.

Since it is the most important forum for cooperation among developed countries, emerging markets and developing countries, the G20 has to take the lead in advancing international economic cooperation by delivering concrete outcomes to foster strong, sustainable and balanced global growth.

Promoting innovation and interconnectivity and exploring new ways to sustainably drive development require joint actions, and Xi is expected to present a series of detailed proposals at the summit with the aim of achieving consensus on an implementable action plan.

At the heart of these will be the vision of a global community of shared destiny that Xi has previously proposed. China hopes to work with its G20 partners in the spirit of win-win cooperation to enhance exchanges and promote fairer global economic and financial governance, so as to address the inequality and imbalance in global development and ensure that the benefits of economic growth are more equitably shared among people of all countries.

Hangzhou, a city renowned for its rich history, is also known today for its innovation. So it is a fitting venue for seizing the historical opportunities brought about by the new industrial revolution and ushering in a new round of global growth.

China has lifted more than 700 million people out of poverty since the launch of its reform and opening-up in 1978, and it is restructuring its economy and improving its governance efficiency to ensure the sustainability of its growth so it can lift the remaining 70 million people out of poverty by 2020.

Despite the downward pressure on the Chinese economy in recent years, it still has considerable potential for growth, and will continue to be a driver of the global economy.

Since it was set up at the height of the international financial crisis in 2008, the G20 has demonstrated that in a world of deepening economic interconnection, cooperation is the way for countries to meet challenges and achieve common development.

The Hangzhou summit is the opportunity for the G20 to consolidate its transformation from a crisis-response mechanism to the primary forum for long-term global economic governance. China will work together with the other participants at the G20 summit to strengthen communication and coordination to address the critical issues affecting the global economy and forge interconnected and inclusive development that will benefit all.

The author is a writer of China Daily. liyang@chinadaily.com.cn

Most Viewed Today's Top News
The unique loanwords in our daily life By zoe_ting

In our daily life, more and more loanwords appear and change our habits in Chinese expression. Loanwords sound very similar with their original English words, and the process of learning them is full of fun to foreign students.

Going "home" for the first time in four years By SharkMinnow

It has been a while since I've contributed to this Forum and I figured that since now I am officially on summer holiday and another school year is behind me I would share a post with you.

...
主站蜘蛛池模板: 精品久久久久久中文字幕无码软件| 一级性生活毛片| 亚洲gv天堂gv无码男同| 福利一区二区在线| 国产三级在线视频播放线| 丝袜情趣在线资源二区| 天堂…在线最新版资源| 国产成a人亚洲精v品无码| 国产卡一卡二卡3卡4卡无卡视频| 国产大片www| 亚洲天堂五月天| 看亚洲a级一级毛片| 啊灬啊灬啊灬快灬深用力| 高清日本撒尿xxxx| 国产片xxxxa片国语对白| 91短视频网站| 在线观看国产成人av片| www性久久久com| 扁豆传媒在线入口| 久久久久亚洲AV无码专区体验| 日韩欧美亚洲一区二区综合| 亚洲av熟妇高潮30p| 欧美性猛交xxxx乱大交中文| 亚洲欧美日韩精品久久亚洲区| 狠狠穞老司机的福67194| 免费亚洲视频在线观看| 精品视频在线免费| 国产免费丝袜调教视频| 黄色永久免费网站| 国产极品粉嫩交性大片| 五月婷婷丁香网| 国产男女猛烈无遮挡免费视频| 337p日本欧洲亚洲大胆艺术| 女人是男人的未来1分29分| 一级毛片视频在线| 成人18免费网站在线观看| 中文字幕一区二区日产乱码| 日本zljzljzlj日本| 久久久久亚洲av综合波多野结衣 | 伊人蕉久中文字幕无码专区| 精品久久久噜噜噜久久久|