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.
Many of the observers and business people are looking to the upcoming Group of 20 (G20) summit in the Chinese city of Hangzhou for potential opportunities, particularly those created by the global pursuit of sustainable and green growth.
Including controversial geopolitical issues into the agenda doesn`t conform to the purposes of the G20. China has learned from the G20 St. Petersburg summit in 2013, which was distracted by the Syria issue. Any attempt to use geopolitical conflicts to disturb the Hangzhou summit is doomed to fail.
Chinese communities in Europe are a relatively small proportion of the population. It will be increasingly important to coordinate activity with other forces fighting against European racists and xenophobes.
The success of Belt and Road initiative infrastructure projects partly rests in the way in which budgets and spending are managed, economists explained.
Liu Zhiqin was interviewed by CCTV China 24 program on regulation of P2P on Aug.25th.
Comprising the world`s 20 largest economies, including the European Union, the G20 has become a de facto global concert attended by a wide range of regional powers and international institutions.
Wang Wen, executive dean of the Chongyang Institute for Financial Studies, Renmin University of China, said: "The report helped address the transformation of brands and provides more information on those new and less familiar markets to the public. Entrepreneurship will also alter trade and investment patterns in these markets."
China-Vietnam border trade development will greatly drive the economic integration of the two countries in all fields such as manufacturing, railways, roads and logistics. China and Vietnam will form complete chains of production, logistics and distribution that will expand to the whole of Southeast Asia.