Today the profound contradictions in global development are important, protectionism and unilateralism are stronger than ever, the multilateral trading system is under attack and the overall development of the global economy faces many risks and uncertainties. The upcoming summit of the G20 leaders in Buenos Aires will therefore have great practical significance.
The International Monetary Fund (IMF) has already lowered its forecast of global economic growth to 3.7% for this year and the next, warning that growing commercial tensions pose a major threat to the global economy.
An important platform for global economic governance, the G20 represents 2/3 of the world's population, 90% of global GDP and 80% of world trade. Given the development of time, the G20 has a responsibility to play a leading role, to show its strategic vision, to show the way forward for the global economy, to lead the way and to drive the economy global towards a good functioning in an international trading system based on transparency, fairness and rules.
President Xi Jinping was invited to attend the Buenos Aires summit. This will be the sixth consecutive time that will participate or preside over the summit, attracting the attention of the world. Yang Wanming, the Chinese ambassador to Argentina, said that the presence of President Xi Jinping at the summit will not only provide strong support to Argentine organizers, but also a strong signal from China to defend the multilateral system and economic globalization without mentioning the proposed a plan to solve the dilemma of the global economy. Hand in hand to face the challenges of the global economy, jointly face the challenges of global economic risks, achieve inclusive and sustainable growth and build together an important consensus on the community of human destiny.
After the outbreak of the international financial crisis in 2008, the status of the G20 in the global economic governance system has grown rapidly and has become an important platform for multilateral communication and coordination of macroeconomic policies.
Being the second largest economy in the world, China's contribution to the global economy is evident to everyone. When the world was hit by the international financial crisis, China's annual economic growth was equivalent, in terms of size, to the economic contribution of a developing country and to the stabilized global economic growth. Today the world is gradually emerging from the obscurity of the international financial crisis. The sustainable and healthy development of the Chinese economy remains the "god of calm seas" of global economic growth.
In its previous report, UNCTAD pointed out that in the first half of this year, in a year-on-year fall of 41% of global foreign direct investment, foreign investment was attracted by China continued to grow and became the largest influx of foreign direct investment. The IMF report on the global economic outlook published in October also continued in its assessment in the first half, arguing that the Chinese economy continued to maintain a strong growth momentum and that the country's economic growth should reach 6, 6%. quest & # 39; year
"From this year, China has since announced measures to facilitate controls on financial investments, reduce import duties and organize the first international exposure on imports from China." In the context of trade disputes caused by some countries, a great success, "said the vice president of the Institute for International and Strategic Relations in France.
The three main themes of the Buenos Aires summit of this year are "Future work, the development oriented infrastructure and the sustainable future of nutrition". The Argentine side stressed that the forthcoming summit took full account of the continuity of the results of the 2016 Hangzhou summit in terms of defining the agenda and defining the results.
Forty years ago, China made a decisive decision on reform and opening up and opened a historical process of common development with the world. Five years ago, China proposed an important initiative, building the One Belt initiative, One Road and opening up a new world of advantageous cooperation for all countries. "The door to China's opening will not be closed, it will only open more widely". Today, openness has become a distinctive symbol of contemporary China and has profound implications for the world.
Dirk Mesner, dean of the German Development Institute, recognizes in particular that the One Belt, one Road initiative is highly compatible with the G20. In particular, he believes that infrastructure construction is important for infrastructure construction and that the G20 is committed to promoting stable and sustainable growth of the global economy. Infrastructure construction, he says, will provide important support for economic growth.