BEIJING, Nov. 16 (Xinhua) -- Chinese PresidentXi Jinping's speech at a Group of Twenty (G20) summit Saturday in Brisbane, Australia, will help enhance China's role in the global economic system and promote the global economic recovery, overseas experts and scholars have said.
The world's major economies should jointly promote reforms, implement comprehensive growth strategies, and advance the transition of the world economy from cyclical recovery to sustainable growth, Xi told leaders of G20 members on Saturday.
Graham Quirk, mayor of the host city of the summit, said he was impressed with Xi's positive message and China's commitment and determination in working with the rest of the world to ensure sustainable growth and a better quality of life for everybody.
"Mr. Xi's speech is very much in line with our own thinking of our own government here in Brisbane. It's about growing together, cooperating together and making sure our people's benefit together," he said.
Yakov Berger, a senior researcher with the Institute of Far Eastern Studies of theRussian Academy of Sciences, said that with China's increasing clout in the global arena, in particular the world economy, the country is also playing a more and more important role in the process of building a new international political and economic order.
Cha Jae-bok, top researcher with theSouth Korean think-tank of the Northeast Asian History Foundation, said Xi's proposals for G20 economies to innovate in their economic development patterns, build an open global economy and improve global economic governance, reflect China's foresightedness and commitment as an active member of the international community.
China's voice would increase the influence of developing countries and emerging markets, hence facilitating the steady and sustainable growth of the global economy, he said.
Pierre Picquart, a China expert at the University of Paris-VIII, said China will exert undoubted influence at the summit as a major economic power.
China has been committed to promoting a stronger and more equitable global economy so as to realize common prosperity, Picquart said.
Chieng Feng, vice president of the Thailand newspaper Asia News Time, said that compared with some nations' adherence to protectionism, trade barriers and economic sanction on others in international trade, China's promotion for an open world economy will benefit all countries.
"As an emerging market, China has always taken the responsibility to motivate regional and global economic growth," Chieng said, explaining that China has used its experiences and expertise to help facilitate infrastructure construction in under-developed countries, in a bid to gradually promote the national economy in these countries and enhance common development in the region.
Mahmoud Allam, a formerEgyptian ambassador to China, said it is of utter urgency to increase the voice and engagement of emerging markets, since the established international economic order has proven to be outdated after the international financial crisis, which has decreased the role of developed economies.
Only in this way can the global economy be healthier and more durable, he noted.
The former diplomat also said Xi's inspiration for an open global economy carries much weight, as no one wins from trade protectionism in the current trend of economic globalization.
Tarun Vijay, a member of the Indian parliament and president of parliament group on India-China friendship, said he welcomes Xi's "views on giving more power and voice to emerging economies" in the global economic and financial system, "as it conforms with the global trend and needs today."
"President Xi's demand that the world needs better global economic governance based on fairness, inclusiveness and order and emerging economies and developing countries have more voices in the system makes a lot of sense," he said.
"I do hope that together India and China can write a new chapter of growth and prosperity," Vijay added.
BRISBANE, Australia, Nov. 16 (Xinhua) -- Chinese President Xi Jinping raised four proposals for strengthening the world economy's anti-risk capacity during the Group of Twenty (G20) Summit here on Sunday.
Firstly, the world should continue to reform the international financial system and speed up the International Monetary Fund quota reform, Xi told the second day of the G20 Summit.Full story
BEIJING, Nov. 16 (Xinhua) -- It has been an eventful week in China, not only because the country played host to a successful APEC meeting, but also because Chinese businesses are busy fulfilling orders for goods snapped up online Tuesday during a national e-commerce extravaganza.
The unprecedented Singles' Day sales volume of 9.3 billion U.S. dollars in 24 hours, made possible by both foreign and domestic consumers, is one of a few encouraging signs in the world's second-largest economy, which is undergoing a clear slowdown.Fullstory
BRISBANE, Australia, Nov. 16 (Xinhua) -- China will play host to the Group of Twenty (G20) Summit in 2016, the 20-member group said here on Sunday.
Chinese President Xi Jinping said during Sunday's summit that China is confident to fulfill its role as the chair of the 2016 G20 summit and a member of the three-member management troika of the year 2015 and 2017.Full Story
BRISBANE, Australia, Nov. 15 (Xinhua) -- China will keep the momentum of economic growth and make greater contribution to the global economy, Chinese President Xi Jinping told a Group of Twenty (G20) summit here Saturday.
He urged the world's major economies to jointly promote reforms, implement comprehensive growth strategies and advance the transition of the world economy from cyclical recovery to sustainable growth.Full Story
