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.
The simple fact that the top four most rapidly growing economies since the Washington Consensus was outlined all use the Chinese socialist development model demonstrates of the superiority in China`s path to capitalist alternatives.
China needs to learn the lessons these things teach. The Chinese government must keep contact with both Myanmar`s government and people. Beijing should also increase guidance for non-governmental organizations abroad and student exchanges to promote people-to-people exchanges and boost the friendship between the two sides.
Liu Zhiqin was interviewed by CCTV Global business programme on excess capacity and eWTP on Aug.19th.
Mutual distrust between China and South Korea prevented effective communication of real intentions,leading to the current bout of cold relations between the two.
Hosting will allow President Xi Jinping to showcase his vision for global governance as a whole. He is likely to lead in a bigger, broader way than he ever has before. He will build on China’s careful, cumulating leadership in the G20 and will follow the ambitious, innovative agenda outlined at the start of his hosting year.