What's being said about the upcoming G20 summit?

Source:Xinhua Published: 2016/8/24 16:02:05

With the 2016 Group of 20 (G20) summit 10 days away, world media continue to focus on major topics of the meeting, which aims at seeking new momentum to spur the global economy.

World leaders will join Chinese President Xi Jinping on September 4-5 in Hangzhou to talk about global economic governance, trade and investment.

Leading Canadian newspaper The Globe and Mail on Tuesday published an article by Luo Zhaohui, the Chinese ambassador to Canada.

The summit has chosen "Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy" as the theme and will reach nearly major 30 results, wrote Luo.

Luo displayed some major results expected from the summit, such as "providing a new development framework for medium-to-long-term global economic growth, enhancing global economic and financial governance, expanding new areas of global cooperation and enhancing cooperation with developing countries."

Quoting Chinese Foreign Minister Wang Yi, the Voice of America (VOA) reported on Tuesday that the Hangzhou summit is expected to be the most fruitful one ever.

Although the ambitious targets are hard to accomplish via a single summit, especially against the backdrop of frozen multilateral negotiations on global trade, rising protectionism and nationalism, China at least can make some progress in global trade, Amy Celico, a principal at the international consulting firm Albright Stonebridge Group, told the VOA.

Matthew Goodman, senior adviser for Asian economics at the Washington-based Center for Strategic and International Studies, agreed with Celico in the VOA report.

"Chinese people seem to have pushed it (the trade issue) forward," Goodman was quoted as saying, adding that China's preparation for the G20 summit showed that the host emphasizes more on trade.

Quoting Chinese media reports about the G20 prospect, the Indian Express newspaper commented that the Hangzhou summit could be "the light at the end of the tunnel" eight years after the global financial crisis.

"The success of the summit depends heavily on all G20 members working together, to implement, not just hash out, policies and measures," said the paper, adding that a longer-term strategy is needed for the goal.

The G20 is an international forum for the world's 20 biggest economies. It groups Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, South Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom and the United States, along with the European Union.

Posted in: Diplomacy

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