Eco­nomic Co­op­er­a­tion Un­der­scored at G20 Sum­mit and BRICS Lead­ers’ Meet­ing

China Today (English) - - CHINA WATCH -

CHI­NESE Pres­i­dent Xi Jin­ping em­pha­sized in his ad­dress to the 10th G20 sum­mit held in An­talya, Turkey on Novem­ber 15-16 that the main task of the Group of Twenty is to jointly pro­mote global eco­nomic growth.

Xi said that the Group of Twenty must seek sus­tain­able de­vel­op­ment and ex­plore new im­pe­tus for long-term eco­nomic growth. In call­ing for closer co­op­er­a­tion to­wards sta­bi­liz­ing growth and pro­vid­ing mo­men­tum for long-term de­vel­op­ment, Pres­i­dent Xi has shown the G20 the way to­wards ex­er­cis­ing its lead­er­ship by shoring up global growth and gen­er­at­ing more con­crete ben­e­fi­cial out­comes.

As host of the G20 sum­mit next year, China will shoul­der the re­spon­si­bil­ity of driv­ing global growth by push­ing ahead its tran­si­tion to­wards sus­tain­able growth driven by in­no­va­tion and con­sump­tion, and ad­vanc­ing open­ing-up and shared de­vel­op­ment ini­tia­tives in the com­ing years. China will also strive to forge a new con­sen­sus among G20 lead­ers on build­ing an open world econ­omy to fa­cil­i­tate in­ter­na­tional trade and in­vest­ment, and achieve equitable and in­clu­sive de­vel­op­ment.

At a BRICS lead­ers’ meet­ing on the side­lines of the G20 sum­mit, Xi Jin­ping called on BRICS coun­tries to strengthen con­fi­dence in growth and boost co­or­di­na­tion within the emerg­ing-mar­ket bloc, and so jointly cope with global chal­lenges. He sug­gested that BRICS mem­bers jointly help im­prove global eco­nomic gov­er­nance by fore­stalling short-term fi­nan­cial risks within the G20 frame­work and ex­pand­ing the rep­re­sen­ta­tion and voice of de­vel­op­ing coun­tries. He also called on BRICS na­tions to build a four-pronged part­ner­ship to safe­guard world peace, boost com­mon de­vel­op­ment, pro­mote di­ver­si­fied civ­i­liza­tion, and strengthen global eco­nomic gov­er­nance.

Dur­ing the meet­ing, the BRICS lead­ers pledged to strengthen their strate­gic part­ner­ship and co­op­er­a­tion in the course of car­ry­ing out the 2030 Agenda for Sus­tain­able De­vel­op­ment, and to safe­guard the in­ter­ests of the emerg­ing economies and de­vel­op­ing coun­tries.

China will host the 2016 G20 sum­mit in the east­ern city of Hangzhou on the theme, “Build­ing an in­no­va­tive, in­vig­o­rated, in­ter­con­nected and in­clu­sive world econ­omy.”

Chi­nese Pres­i­dent Xi Jin­ping meets with his Turk­ish coun­ter­part Re­cep Tayyip Er­do­gan in An­talya, Turkey on Novem­ber 14, 2015.

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