High­lights of Xi’s speech

China Daily (USA) - - FRONT PAGE -

Faced with global chal­lenges, the G20 should:

• re­in­force macroe­co­nomic pol­icy co­or­di­na­tion, pro­mote global eco­nomic growth and main­tain fi­nan­cial sta­bil­ity;

• in­no­vate devel­op­ment mod­els and ex­plore growth mo­ti­va­tion; im­prove global eco­nomic gov­er­nance;

• build an open world econ­omy and pro­mote trade and in­vest­ment lib­er­al­iza­tion;

• im­ple­ment the 2030 Agenda for Sus­tain­able Devel­op­ment. The world’s Gini co­ef­fi­cient, amea­sure of eco­nomic in­equal­ity, has reached around 0.7, higher than the rec­og­nized alarm level, which stands at 0.6. This is some­thing we must pay close at­ten­tion to.

To build a pros­per­ous world, G20 should:

• keep up with the times and play a lead­ing role, with the G20 shift­ing from a fo­rum for cri­sis man­age­ment to long-term ad­min­is­tra­tion;

• make the G20’s work more in­clu­sive to meet the de­mands of peo­ple in all coun­tries.

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