“Pure gold fears no fire” Xi stressed.
Advertisement
“We must isolate those who support and sponsor terrorism; and, stand with those who share our values of humanism”.
Growth is not picking up, trade is weak, and investment is slowing down.
“Since the global financial crisis, many countries, including advanced and emerging economies, relied on temporary fiscal and monetary policies to stimulate demand”, says Hu.
“Given our size and scale, India can become a pillar of global growth and stability”, he told heads of world 20 leading economies.
The world’s second largest economy will continue to vigorously improve its people’s well-being and ensure that the benefits of development are shared by all, said Xi. Given the G20’s inclusiveness priority, the World SME Forum is a new task force on small and medium-sized enterprises (SMEs) and entrepreneurship envisaging better integration of SMEs into the global economy. “It provides China with an opportunity to increase its profile in global economic leadership”, says Hongying Wang, a senior fellow at the Centre for worldwide Governance Innovation (CIGI), an independent think tank based in Canada. He said within less than two months, Xi had exchanged ideas on worldwide financial governance reform with the leaders of the United Sates and the United Kingdom, and during the visits to China by German Chancellor Angela Merkel and French President Francois Hollande.
Speaking here at the G20 Summit, being held against the backdrop of deadly Paris attacks, the Prime Minister said, “Old structures of terrorism remain”.
Li Wei, an anti-terrorism expert at the same institution, said building an worldwide alliance against terror is no longer an issue, adding, “The biggest problem is insufficient cooperation in a global context”. “Both the symptoms and root causes of the issue should be addressed. Double standard shouldn’t be allowed” he added. During the meeting the BRICS leaders pledged to strengthen their strategic partnership and cooperation in the course of carrying out the 2030 Agenda for Sustainable Development and safeguard the interests of the emerging economies and developing countries.
Before joining the Lowy Institute, Sainsbury was at the Australian Treasury, where he worked on G20 policy and focused mainly on global financial architecture reform, financial regulation reform and G20 growth strategies.
Advertisement
“This absence, in most cases, of a decoupling between growth indicators and GDP growth in OECD countries, which are service economies, lends credence to our idea that this decoupling in China can not be explained by the shift to a service economy, but by the fact that true growth is lower than official, published growth”, wrote Artus. Earlier this year China also established the Asian Infrastructure Investment Bank (AIIB), a new multilateral development bank alongside the US-led World Bank and the Japanese-dominated Asian Development Bank.
