Clear aim to un­der­stand chal­lenges

China Daily (USA) - - G20 2016 CHINA - By REN QI renqi@chi­

The co­or­di­nat­ing co­op­er­a­tion un­der the frame­work of G20 is al­ways the key el­e­ment of the Sino-Rus­sia com­pre­hen­sive strate­gic part­ner­ship, and Rus­sia looks for­ward to fruit­ful re­sults from the up­com­ing G20 Sum­mit in­Hangzhou, the Rus­sian am­bas­sador said.

An­drey Denisov, the Rus­sian am­bas­sador to China, said the world’s econ­omy has not fully re­cov­ered back on the track of sus­tain­able de­vel­op­ment after the 2008 cri­sis, and the G20 has a very clear aim, which is to un­der­stand that chal­lenges and threats to the global econ­omy have in­creased, and to es­tab­lish an ef­fi­cient mech­a­nism to face them.

He said Rus­sia is go­ing to pro­vide sup­port with con­struc­tive co­op­er­a­tion to make sure the­sum­mitwill achieve success.

“I be­lieve this G20 Sum­mit in Hangzhou will find new op­por­tu­ni­ties to boost the growth of the global econ­omy and in­no­va­tion,” the am­bas­sador said.

He noted that G20 has brought to­gether those in­flu­en­tial par­tic­i­pants from the de­vel­oped coun­tries, de­vel­op­ing coun­tries and emerg­ing mar­ket.

“Through the right orgniza­tion and co­or­di­na­tion, and with a co­her­ent agenda, I be­lieve that the group can play a sub­stan­tial con­tri­bu­tion to sta­blize the world eco­nomic sit­u­a­tion and cre­ate con­di­tions for sus­tain­able growth,” he said.

The am­bas­sador re­called the visit of Rus­sian Pres­i­dent Vladimir Put into China in June, dur­ing which both sides signed more than 30 deals on co­op­er­a­tion in var­i­ous fields. He added those agree­ments have en­tered the phase of im­ple­men­ta­tion.

As Pres­i­dent Xi Jin­ping and Putin will meet again on the side­lines of the G20 Sum­mit, Denisov said the fre­quent in­ter­ac­tion be­tween the two lead­ers have of­fered a strong push to the fur­ther de­vel­op­ment of the bi­lat­eral ties.

Denisov said the sched­ule of the lead­ers of two coun­tries for the rest of the year is full and there are meet­ings be­tween the lead­ers at some international events, as well as the 21st reg­u­lar meet­ing of Chi­nese and Rus­sian heads of govern­ment, as well as some vis­its of high-level of­fi­cials to both coun­tries.

“Con­sid­er­ing the rapid de­vel­op­ment of the Sino-Rus­sian com­pre­hen­sive strate­gic part­ner­ship of co­or­di­na­tion, lead­ers from China and Rus­sia share com­mon top­ics and con­cerns, and it ben­e­fits both coun­tries for them to ex­change opin­ions reg­u­larly,” he said.

Sergey Karataev, deputy di­rec­tor of the econ­omy re­search cen­ter at the Rus­sian In­sti­tute for Strate­gic Stud­ies, said the up­com­ing G20 Sum­mit will pro­vide so­lu­tions to some global con­cerns as the world’s econ­omy faces a slow­down.

“I ap­pre­ci­ate China’s Belt and Road Ini­tia­tive, to en­cour­age G20 co­op­er­a­tion with BRICS, and to es­tab­lish the Asian In­fra­struc­ture In­vest­ment Bank,” Karataev said. “The G20 in China will fo­cus on eco­nomic is­sues in­stead of po­lit­i­cal is­sues, and the re­sults of the sum­mit will be a gift to the world by build­ing a com­mu­nity of shared des­tiny.”

Be­sides meet­ing with Chi­nese lead­ers, Krem­lin of­fi­cials said Putin will also meet his coun­ter­parts from the United States, Turky, Ja­pan, Repub­lic of Korea, France and the United King­dom on the side­lines of the G20 Sum­mit in China.

AN­DREY DENISOV Rus­sian Am­bas­sador to China

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