Interview: China expands presence of developing nations at G20 summit
                 Source: Xinhua | 2016-08-23 21:32:52 | Editor: huaxia

G20 Finance Ministers and Central Bank Governors (including from L in front row) Britain's Chancellor of the Exchequer Philip Hammond, World Bank President Jim Yong Kim, an unidentified member, Turkey Deputy Prime Minister Mehmet Simsek, China's Finance Minister Lou Jiwei, China's Governor of the People's Bank of China Zhou Xiaochuan, Germany's Federal Minister of Finance Wolfgang Schauble, International Monetary Fund managing director Christine Lagarde and Secretary-General of OECD Angel Gurria during a group photo in Chengdu in Southwestern China's Sichuan province, Sunday, July 24, 2016. (Xinhua/Reuters Photo)

ISTANBUL, Aug. 23 (Xinhua) -- China's efforts to bring the largest-ever presence of representatives from the developing world to the upcoming Group of 20 (G20) summit are helpful in creating "collective" solutions to the global problems, a Turkish analyst said.

"A large presence from the developing world is very important," Altay Atli, a research associate with the Asian Studies stream of Istanbul Policy Center, told Xinhua.

"The world's problems are collective, they impact all of us, and this is why they require collective solutions," he said.

A record number of developing countries are being invited to the G20 summit slated for Sept. 4-5 in the eastern Chinese city of Hangzhou, as China is hoping for the meeting to push for a more inclusive world economy.

"Instead of being a 'rich men's club,' the G20 should act as a facilitator for creating solutions to global problems by bringing representatives from different parts of the world together," Atli said.

The expert holds "a positive view" of China's preparations in the run-up to the Hangzhou summit, as China is seeking "increased and effective participation" as Turkey did when it hosted last G20 summit in Antalya last year.

"This is precisely what we need for solving global problems," he stressed.

In his view, holding the G20 chair offers an opportunity for China to position itself as a "responsible and effective" stakeholder in global governance.

The analyst noted that as the second largest economy in the world, China "surely has the required capabilities" to play a leading role in global governance.

"The G20 provides the opportunity for China to show the world that it is willing to play this role," he said.

"This is why I expect that after the Hangzhou summit, China will have an elevated status and influence within the G20 and in global governance in general," he added.

According to Chinese Foreign Minister Wang Yi, the Hangzhou summit is expected to produce nearly 30 deliverable outcomes, with special emphasis on promoting a strong, sustainable and balanced global growth through innovation, sorting out economic and financial problems by means of structural reforms, and implementing the UN 2030 Agenda for Sustainable Development through enhanced cooperation.

While lauding the objectives as "accurate and vital" for the well-being of the global economy, Atli urged the G20 to offer "concrete steps that will make it possible for the world to reach those objectives."

"There have to be concrete, feasible and doable roadmaps that will make it possible to reach the objectives that are set," he said.

In his view, global governance is a long-term and gradual process, and it will take years to achieve some of the goals set during the Antalya summit, as the world is being confronted with a growing threat of terrorism and continuing economic recession in the post-crisis period.

"What matters is that G20 members build a strong consensus around these goals and they work in close coordination in order to achieve them," he said.

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Interview: China expands presence of developing nations at G20 summit

Source: Xinhua 2016-08-23 21:32:52

G20 Finance Ministers and Central Bank Governors (including from L in front row) Britain's Chancellor of the Exchequer Philip Hammond, World Bank President Jim Yong Kim, an unidentified member, Turkey Deputy Prime Minister Mehmet Simsek, China's Finance Minister Lou Jiwei, China's Governor of the People's Bank of China Zhou Xiaochuan, Germany's Federal Minister of Finance Wolfgang Schauble, International Monetary Fund managing director Christine Lagarde and Secretary-General of OECD Angel Gurria during a group photo in Chengdu in Southwestern China's Sichuan province, Sunday, July 24, 2016. (Xinhua/Reuters Photo)

ISTANBUL, Aug. 23 (Xinhua) -- China's efforts to bring the largest-ever presence of representatives from the developing world to the upcoming Group of 20 (G20) summit are helpful in creating "collective" solutions to the global problems, a Turkish analyst said.

"A large presence from the developing world is very important," Altay Atli, a research associate with the Asian Studies stream of Istanbul Policy Center, told Xinhua.

"The world's problems are collective, they impact all of us, and this is why they require collective solutions," he said.

A record number of developing countries are being invited to the G20 summit slated for Sept. 4-5 in the eastern Chinese city of Hangzhou, as China is hoping for the meeting to push for a more inclusive world economy.

"Instead of being a 'rich men's club,' the G20 should act as a facilitator for creating solutions to global problems by bringing representatives from different parts of the world together," Atli said.

The expert holds "a positive view" of China's preparations in the run-up to the Hangzhou summit, as China is seeking "increased and effective participation" as Turkey did when it hosted last G20 summit in Antalya last year.

"This is precisely what we need for solving global problems," he stressed.

In his view, holding the G20 chair offers an opportunity for China to position itself as a "responsible and effective" stakeholder in global governance.

The analyst noted that as the second largest economy in the world, China "surely has the required capabilities" to play a leading role in global governance.

"The G20 provides the opportunity for China to show the world that it is willing to play this role," he said.

"This is why I expect that after the Hangzhou summit, China will have an elevated status and influence within the G20 and in global governance in general," he added.

According to Chinese Foreign Minister Wang Yi, the Hangzhou summit is expected to produce nearly 30 deliverable outcomes, with special emphasis on promoting a strong, sustainable and balanced global growth through innovation, sorting out economic and financial problems by means of structural reforms, and implementing the UN 2030 Agenda for Sustainable Development through enhanced cooperation.

While lauding the objectives as "accurate and vital" for the well-being of the global economy, Atli urged the G20 to offer "concrete steps that will make it possible for the world to reach those objectives."

"There have to be concrete, feasible and doable roadmaps that will make it possible to reach the objectives that are set," he said.

In his view, global governance is a long-term and gradual process, and it will take years to achieve some of the goals set during the Antalya summit, as the world is being confronted with a growing threat of terrorism and continuing economic recession in the post-crisis period.

"What matters is that G20 members build a strong consensus around these goals and they work in close coordination in order to achieve them," he said.

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