Much has, and still can, be written about China`s development journey since the late 1970s, but drastic changes could be said to have occurred in the last two years in shouldering international responsibility.
Liu Zhiqin was interviewed by CCTV NEWS HOUR program on innovative growth on Sep.7th.
President Xi presented China’s strategies to provide impetus for future economic growth such as; innovation driven development strategy to provide stronger and new growth drivers, green development, promoting equity and further opening to achieve greater mutual benefit.
China`s ambition to advance reform and maintain medium to high growth has injected hope and stability into the world economy, experts have observed.
China is committed to advancing the freedom of global trade and investment and hopes that not just China but also Western countries expand access for foreign investment, experts noted Tuesday.
The G20 - comprising 19 countries and the EU, with representatives from the Bretton Woods institutions and established just at the turn of the century, provides a new way forward for transnational governance that works for not only China, but also for 19 other major economies.
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.5th.
Group of 20 (G20) leaders are aware the global economy has not overcome the effects of the international financial crisis. There is a wide understanding that without China`s continued economic development since that crisis began anaemic global growth would be even worse.
China hopes the Hangzhou summit will come up with "an integrated pre1111ion to address both the symptoms and root causes so that the world economy could move along a path of strong, sustainable, balanced and inclusive growth," President Xi Jinping said while addressing the opening of the summit.
Xi proposed that the summit should strengthen coordination of macro-economic policies, facilitate economic expansion worldwide, safeguard financial stability, make innovations on growth patterns, tap new potential, optimize global economic governance and make institutional improvements.The summit should also increase the openness of the world economy, facilitate trade and investment and boost inclusive development.
The new global context calls for integration of technology and innovation into all aspects of global economic debate. The G20 may very well be the right place to steer a global innovation agenda to promote inclusive and sustainable economic growth and development.
It would seem that the West Lake boat trip with Xi being flanked by leaders of both developed countries and emerging markets could signal an increasingly important role China seeks on the world stage: a bridge between the developed and developing nations.
Several important meetings and dialogues have already been held, as leaders from across the world join Chinese President Xi Jinping in seeking solutions and breakthroughs to crucial issues such as spurring global economic growth, strengthening international economic cooperation and building a new scheme of economic governance against the background of slowing world growth.
The G20 summit meets against the backdrop of two interrelated global issues.First,since the international financial crisis global growth has been slow. Second, asa result social and geopolitical crises have persisted. China’s proposals for the G20 summit – an innovative, invigorated, interconnected and inclusive economy –simultaneously and in an integrated way address both issues.
This year’s G20 summit is being hosted in Hangzhou under China’s leadership. This meeting is being held with the backdrop of Brexit and the emergence of Trump’s leadership in the USA. These two are important in the context of Western leadership moving towards the agenda of nationalism and possible protectionism.
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.