President Xi Jinping urged the leaders of the world`s biggest economies to deliver "real action" and "no empty talk" as they attempt to steer the global economy out of its sluggish state.
Chen Xiaochen, Deputy Director of the International Studies Department at the Chongyang Institute for Financial Studies of Renmin University of China, was interviewed by CCTV on innovative growth-one key theme of G20 on Sep.4th.
President Xi`s speech, its basic conception of "win-win," therefore involved no mere "warm words." They were, in fact, a precise expression of the idea that China`s and the rest of the world`s fundamental interests coincide.
China and the US finally inked their commitment to global climate governance on the eve of the theatrical G20 Summit. The two biggest emitters of greenhouse gases have both formally joined the Paris global climate agreement, which was approved last December. By taking the lead in this regard, Chinese President Xi Jinping said both countries have showed their "ambition and determination to jointly tackle a global challenge."
There is little doubt that Hangzhou city this weekend will be a very nice place to visit. After more than a year’s hard work in preparation, Hangzhou will welcome world leaders for a G20 gathering to talk about pressing global issues, including global imbalances, climate change, the refugee crisis, and sovereignty. China, as the host of the G20, will seek to demonstrate its global leadership at a time of global uncertainties.
Wang Wen, Executive Dean of Chingyang Institute for Financial Studies at Renmin University of China, talked about G20 Summit`s achievements this year at the studio interview of CCTV on Sep.4th.
The G20 Hangzhou Summit may be a milestone for the world economy and the G20 agenda. To understand the significance of the G20, think in terms of four: four imbalances, four highlights, and four future steps.
The G20 summit is about to open in Hangzhou on Sunday. Yi Gang, vice governor of the People`s Bank of China (PBOC), announced on Thursday that, in its role as the rotating chair of the G20, China plans to continue its efforts to advance IMF reforms including changes in its quota allocations and overall governance.
It is widely assumed that China’s growing economic strength will translate into political influence. The Chinese government is becoming much more confident about taking an active role in global governance and the G20 is the best platform provided for China to deepen its involvement in global economic governance.
The Group of 20 (G20) leaders` summit taking place in Hangzhou Sept. 4-5 will be essential in building a consensus on the international financial system, according to experts giving their views ahead of the meeting.
As state leaders of the G20 member countries fly into China`s eastern city of Hangzhou to attend a summit meeting this weekend, an Australian economist is urging world leaders to take concrete actions to tackle trade protectionism.
If some issues cannot be resolved for now, we should set them aside, as the late Chinese leader Deng Xiaoping argued. As long as we stick to treating development as a priority and hold on to reaching common prosperity, we will eventually figure out the right way and the right timing to solve the puzzles.
For global governance, the Hangzhou Summit marks the transition from a strategy of pursing steady growth to one that promotes development. The goal of strong, sustainable and balanced growth has long been at the top of the G20’s agenda, but realizing this task requires the mass mobilization of political resources.
The 11th G20 summit is scheduled to be held in East China`s Hangzhou on Sunday and Monday. Against the backdrop of anti-globalization sentiment spreading across the world, how the summit will influence the global economy has garnered wide attention.
Given the tight interdependence between economies, experts say, such differences in their needs and concerns demand that closer international coordination be carried out to guarantee sustainable global development.
When it comes to choosing a city to host an international forum in China, first-tier cities like Beijing and Shanghai always come to mind. For that reason, Hangzhou, a quasi-first-tier city in China, has received wide attention for hosting the upcoming Group of 20 (G20) summit.
China`s image is steadily improving on the international stage, with the nation ranking second among all countries in terms of influence in world affairs, according to a survey.
China’s economic policy is not about running a university class but about guiding the world’s second-largest economy on which the fate of 1.3 billion people depends. The adoption by China of theoretically false economic positions such as “state bad, private good” would under all circumstances be damaging. Given the present global conditions, the damage would likely to be particularly rapid and severe.
At the 10th G20 summit, held on 15–16 November 2015 in Turkey, Chinese President Xi Jinping announced that the theme of the 2016 G20 will be ‘jointly striving for an innovative, invigorated, interconnected and inclusive world economy’. Specifically, four measures will be prioritised to promote the realisation of this goal.
Strengthening the G20`s role is therefore a key step towards enhanced global economic policy coordination and governance in the new structure of the world economy.