JOERG WUTTKE

Pres­i­dent of the Euro­pean Union Cham­ber of Com­merce in China

China Daily (USA) - - G20 2016 CHINA -

I think the key points in Pres­i­dent Xi’s can­did speech are in­sti­tu­tion build­ing, the im­por­tance of the IMF (In­ter­na­tional Mon­e­tary Fund) and the im­por­tance of SDR (Spe­cial Draw­ing Rights, which now in­clude the ren­minbi). Two things struck me as well: his em­pha­sis on in­ter­na­tional co­or­di­na­tion on tax­a­tion and the fight against cor­rup­tion. These is­sues are ex­tremely im­por­tant for global busi­ness. He also said that glob­al­iza­tion is chal­lenged by pro­tec­tion­ism, and that the global eco­nomic re­cov­ery is frag­ile.

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