Source: CNTV Published: 2015-9-8
The G-20`s finance ministers and central bankers discussed a variety of issues concerning the global economy during their two-day meeting that closed this weekend in Ankara, Turkey.
The group promised Saturday to take action to boost the global economy to the right track. The recent stock market volatility in China also drew the group`s attention.
Attendees at this year`s G20 meeting had many issues to talk about, including the global economic situation, investment and infrastructure.
The group said after its meeting that economic expansion in some countries was going strong, but global growth was still missing expectations.
The group also suggested that all countries should adjust their financial policies cautiously to support growth, create more jobs and main a sustainable debt-to-GDP ratio.
China`s economy and recent stock market volatility also drew attention.
"The Chinese economy was the most mentioned issue in recent days and was included in our agenda. Many countries gave their evaluations of the Chinese economy," said Cevdet Yilmaz, Turkey Deputy Prime Minister.
"The volatility of the stock market reminds us that we still have lots of structural problems, as well as some problems in the real economy. Besides, the connection between the real economy and financial markets also has problems. We need to amend them," said Tian Huifang, researcher, Institute of World Economics & Politics, CASS.
A recent IMF report said that China`s economy will grow slowly from 2016. But the report also noted that economic fluctuations are normal for China.
The G-20 ministers also said that the group will complete the remainder of the core factors for the global financial system plan and wants to see the IMF make progress on SDR reviews and quota reforms this year.
Key Words: G20; Turkey; economy
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