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Chinese envoy calls for common efforts with G77 in global economic governance
                 Source: Xinhua | 2017-01-14 07:43:44 | Editor: huaxia

UNITED NATIONS, Jan. 13 (Xinhua) -- A Chinese envoy said on Friday that the Group of 77 (G77) and China need to work together in improving global economic governance in 2017.

Wu Haitao, China's deputy permanent representative to the UN, made the appeal at a ceremony here during which Thailand handed over the rotating chairmanship of the G77 to Ecuador.

While congratulating Ecuador on its assumption of the chairmanship, Wu said the G77 and China will maintain its unity and collaboration in promoting common development and safeguarding common interests in 2017.

"We need to steadfastly advance the reform of international economic governing system, effectively increase the representation of developing countries and support the UN in playing a bigger role in global economic governance," said Wu.

Wu also acknowledged that under the leadership of Thailand last year, G77 and China cooperated closely in promoting the implementation of sustainable development agenda, safeguarding the common interests of developing countries and increasing the influence of the G77 in international affairs.

The G77, established in 1964, is now a coalition of more than 130 developing UN member states plus China. The group is the largest inter-governmental organization of developing countries within the UN, aiming to promote collective economic interest and gain leverage within the international community.

The group's chairmanship rotates on a regional basis among countries in Africa, Asia-Pacific and Latin America and the Caribbean and is held for one year term.

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Chinese envoy calls for common efforts with G77 in global economic governance

Source: Xinhua 2017-01-14 07:43:44

UNITED NATIONS, Jan. 13 (Xinhua) -- A Chinese envoy said on Friday that the Group of 77 (G77) and China need to work together in improving global economic governance in 2017.

Wu Haitao, China's deputy permanent representative to the UN, made the appeal at a ceremony here during which Thailand handed over the rotating chairmanship of the G77 to Ecuador.

While congratulating Ecuador on its assumption of the chairmanship, Wu said the G77 and China will maintain its unity and collaboration in promoting common development and safeguarding common interests in 2017.

"We need to steadfastly advance the reform of international economic governing system, effectively increase the representation of developing countries and support the UN in playing a bigger role in global economic governance," said Wu.

Wu also acknowledged that under the leadership of Thailand last year, G77 and China cooperated closely in promoting the implementation of sustainable development agenda, safeguarding the common interests of developing countries and increasing the influence of the G77 in international affairs.

The G77, established in 1964, is now a coalition of more than 130 developing UN member states plus China. The group is the largest inter-governmental organization of developing countries within the UN, aiming to promote collective economic interest and gain leverage within the international community.

The group's chairmanship rotates on a regional basis among countries in Africa, Asia-Pacific and Latin America and the Caribbean and is held for one year term.

Related:

Interview: Chinese president's Switzerland trip to have important impact on global economy, governance -- senior diplomat

GENEVA, Jan. 11 (Xinhua) -- Chinese President Xi Jinping's scheduled multilateral diplomatic activities in Geneva and Davos during his upcoming visit to Switzerland will have an important and far-reaching influence on the global economic recovery and governance system reform, a senior Chinese diplomat said Wednesday.

On Jan. 15-18, Xi will pay a state visit to Switzerland and attend the World Economic Forum (WEF) annual meeting in Davos. Full story

Xinhua Insight: China's economy, globalization to be on top of President Xi's Davos agenda

BEIJING, Jan. 11 (Xinhua) -- President Xi Jinping will discuss the latest developments in China's economy and more inclusive globalization during his first visit to the Davos summit.

Vice Foreign Minister Li Baodong told a press briefing on Wednesday that Xi's presence at the 47th World Economic Forum (WEF) annual meeting will help the world better understand China's economic situation and prospects as well as China's stance on current global problems.  Full story

[Editor: huaxia ]
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