A leading Chinese official is suggesting a focus on the “long game” is going to be driven home by the Chinese delegation hosting this year’s G20 summit in Hangzhou.
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Lou made the remarks in a recent interview with People’s Daily ahead of the G20 Summit slated for September 4-5 in the eastern Chinese city of Hangzhou.
Zhu said the G20 central bank governors and finance ministers also agreed to strengthen policy communication on the foreign exchange market.
Chinese President Xi Jinping and his Kazakh counterpart Nursultan Nazarbayev on Friday expressed the hope that the upcoming G20 summit can chart a course for the world economy, cultivate growth engines and boost global confidence.
China is the biggest State-level investor in Africa, where direct investment is expected to reach US$100 billion by 2020.
These efforts aim to boost growth by addressing both symptoms and root causes, the minister explained.
Sall was invited as one of the leaders of the countries participating in the G20 meeting, a vital meeting place for the global economic recovery, which will be held next Sunday and Monday in the city of Hangzhou.
In terms of interconnection, these business officials put emphasis on G20’s sense of community of shared interests.
As it stands, South Africa is the only G20 member from Africa.
In an address in Washington prior to his departure for the Group of 20 summit in Hangzhou, China, Lew also said policy makers should respond to the populist discontent among voters in the United States and Europe, saying they should heed “the message of anxious and angry citizens who feel left behind”. “This is also an important part of peace, stability and development in the world”, Bounhang said.
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He added they have promised to use all policy tools- monetary, fiscal and structural-individually and collectively to realize vibrant, sustainable and balanced development.
