Ex­perts hail China as cham­pion of free trade

China Daily (Hong Kong) - - WORLD -

pros­per­ous global econ­omy took cen­ter stage at this year’s sum­mit. The Ham­burg sum­mit’s em­pha­sis on global con­nec­tiv­ity is also a con­tin­u­a­tion from the fo­cus on in­clu­sive growth, the theme of last year’s G20 sum­mit in Hangzhou.

These ob­jec­tives are closely in line with glob­al­iza­tion, which Pres­i­dent Xi high­lighted in a speech he de­liv­ered at the sum­mit on Fri­day. In his speech, Xi called for an open and in­clu­sive global econ­omy with new sources of growth, ac­com­pa­nied by stronger eco­nomic gov­er­nance.

“The G20 has an im­por­tant mis­sion, which is to reaf­firm the vi­sion of pur­su­ing in­clu­sive growth agreed upon at the Hangzhou Sum­mit last year, and strike a bal­ance be­tween fair­ness and ef­fi­ciency, be­tween cap­i­tal and la­bor, and be­tween tech­nol­ogy and em­ploy­ment,” Xi said in his speech.

The con­cepts of glob­al­iza­tion was cham­pi­oned by Xi in his land­mark open­ing ad­dress at this year’s World Eco­nomic Fo­rum in Davos, and again at the Belt and Road Fo­rum in Bei­jing in May.

As a pro­fes­sor who has closely ob­served the evo­lu­tion of the G20 plat­form, Kir­ton said: “Pres­i­dent Xi was called upon to step for­ward as a global leader and he did.”

Kir­ton, lead­ing a re­search team at the me­dia cen­ter of the G20 Ham­burg sum­mit on Fri­day and Satur­day, added that China’s lead­er­ship at G20 sum­mits has grown over the years.

De­spite the en­cour­ag­ing con­sen­sus led by China’s ef­forts, the Ham­burg dec­la­ra­tion’s vi­sion to achieve free trade and eco­nomic pros­per­ity is shorter and less spe­cific than in Hangzhou and the lan­guage is weaker, said Erik Ber­glof, di­rec­tor of the In­sti­tute of Global Af­fairs at the Lon­don School of Eco­nom­ics.

But Ber­glof also stressed that China has played an im­por­tant role in en­sur­ing that “it was not fur­ther wa­tered down and that not more pro­tec­tion­ist el­e­ments were en­tered”.

Con­tact the writer at ce­cily.liu@ mail.chi­nadai­lyuk.com


Iraqi po­lice cel­e­brate in the Old City of Mo­sul, Iraq. A US-trained elite Iraqi force bat­tling Is­lamic State in the Old City of Mo­sul on Sun­day reached the Ti­gris river­bank, state TV said, in­di­cat­ing that the in­sur­gents’ last re­doubt in the city was on the verge of fall­ing. “Forces from the Counter Ter­ror­ism Ser­vice raised the Iraqi flag on the Ti­gris river­bank in the Old City of Mo­sul,” read an on-screen head­line on Iraqiya News.

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