Ex­perts call sum­mit a suc­cess

China Daily (USA) - - FRONT PAGE - By CHEN WEIHUA in New York chen­wei­hua@chi­nadai­lyusa.com

The G20 Sum­mit that con­cluded on Mon­day is be­ing ap­plauded as a great suc­cess.

The two-day meet­ing gath­ered world lead­ers from both the de­vel­oped and de­vel­op­ing na­tions in the eastern China city of Hangzhou in a bid to re­vive global eco­nomic growth.

Cheng Li, di­rec­tor of the John L. Thorn­ton China Cen­ter of the Brook­ings In­sti­tu­tion, de­scribed the meet­ing as “very suc­cess­ful”.

“The sheer fact that world lead­ers went to China to at­tend the sum­mit is a suc­cess, be­cause it was at a time that the global econ­omy is fac­ing se­ri­ous prob­lems and ev­ery na­tion has their own agenda,” he said.

Li be­lieves there have been three land­mark world gath­er­ings since China’s re­form and open­ing up in the late 1970s — the 2008 Beijing Olympics, the 2010 Shang­hai Expo and now the 2016 Hangzhou G20 Sum­mit.

“The G20 Summ it is more suc­cess­ful be­cause it is not just a sport s or cul­tural event but re­de­fines the global po­lit­i­cal and eco­nomic or­der and gov­er­nance,” he said, re­fer­ring to the grow­ing roles of China, In­dia and other BRICS and de­vel­op­ing na­tions.

China and the US for­mally joined the Paris Agree­ment on cli­mate change. Chi­nese lead­ers also vowed to take mea­sures to re­duce over­ca­pac­ity in re­sponse to con­cerns ex­pressed by other na­tions, some­thing Li felt to be en­cour­ag­ing.

He noted the key word for the sum­mit was in­no­va­tion — in the struc­ture of global gov­er­nance, in the ways of global gov­er­nance and in how the in­ter­na­tional com­mu­nity tack­les com­mon chal­lenges, es­pe­cially in the trade and in­vest­ment sec­tors.

“China has played a very pos­i­tive role in these re­gards,” he said, adding that China’s role as a con­vener and mo­bi­lizer of the sum­mit would have been unimag­in­able 30 or even 10 years ago.

Li stressed that in­no­va­tion is im­pos­si­ble without open­ing up. “An in­no­va­tive so­ci­ety must be an open so­ci­ety and a place where in­tel­lec­tu­als have con­fi­dence,” he said, adding that there is still much left to be de­sired in China.

Ted Car­pen­ter, se­nior fel­low of de­fense and for­eign pol­icy stud­ies at the Cato In­sti­tute, said the G20 in Hangzhou sent a strong mes­sage sup­port­ing open trade and warn­ing of the dan­gers of pro­tec­tion­ism.

“That was also a ma­jor theme of Pres­i­dent Xi’s speech and was largely a re­sponse to wor­ri­some trends in the United States,” he said.

Cheng Li, se­nior fel­low, Brook­ings In­sti­tu­tion

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