We are committed to pro­mot­ing global growth

Business Standard - - DEMOCRACY AT WORK - GENG SHUANG Edited ex­cerpts from Chi­nese For­eign Min­istry Spokesper­son Geng Shuang's reg­u­lar press con­fer­ence on De­cem­ber 3, 2018 in Bei­jing

The 13th Sum­mit of the Group of 20 in Buenos Aires, Ar­gentina has just con­cluded, which adopted the G20 Lead­ers' Dec­la­ra­tion. What is China's com­ment on the out­comes of the sum­mit?

A: The 2018 G20 Buenos Aires Sum­mit was held against the back­drop of fast-chang­ing in­ter­na­tional land­scape, ris­ing pro­tec­tion­ism and uni­lat­er­al­ism and the world econ­omy fac­ing both op­por­tu­ni­ties and chal­lenges. The par­tic­i­pants dis­cussed the ma­jor is­sues con­cern­ing the world econ­omy, adopted the lead­ers' dec­la­ra­tion, sent out the pos­i­tive message and in­jected con­fi­dence and vi­tal­ity into the global mar­ket..

China be­lieves that the out­comes of this G20 Sum­mit can be summed up as the fol­low­ing as­pects:

First, we re­main committed to pro­mot­ing global growth. All rel­e­vant par­ties agreed to step up di­a­logue and ac­tions to en­hance con­fi­dence and safe­guard against down­side risks. We reaf­firmed our pledge to use all pol­icy tools to achieve strong, sus­tain­able, bal­anced and in­clu­sive growth. We demon­strated our pos­i­tive will to re­solve dif­fer­ences through con­sul­ta­tion and stay united to ad­dress chal­lenges.

Sec­ond, we re­main committed to up­hold­ing the mul­ti­lat­eral trading sys­tem. All rel­e­vant par­ties stressed that in­ter­na­tional trade and in­vest­ment are im­por­tant engines for eco­nomic growth, in­no­va­tion, job cre­ation and devel­op­ment and com­mended the out­stand­ing con­tri­bu­tions the mul­ti­lat­eral trading sys­tem has made to pro­mot­ing global growth. Mean­while, they all said that there is still room for the mul­ti­lat­eral trading sys­tem to make im­prove­ments and they sup­ported nec­es­sary re­forms of the World Trade Or­ga­ni­za­tion.

Third, we re­main committed to im­prov­ing global eco­nomic gov­er­nance. All rel­e­vant par­ties reaf­firmed their com­mit­ment to im­ple­ment­ing the G20 Ac­tion Plan on the 2030 Agenda for Sus­tain­able Devel­op­ment adopted at the G20 Hangzhou Sum­mit and other im­por­tant ini­tia­tives, ad­vanc­ing the re­form of the In­ter­na­tional Mone­tary Fund, step­ping up co­op­er­a­tion on such global is­sues as ed­u­ca­tion, pub­lic health and food se­cu­rity and fur­ther im­prov­ing global eco­nomic gov­er­nance.

Fourth, we re­main committed to co­op­er­at­ing to ad­dress cli­mate change. Most members reaf­firmed their strong political com­mit­ment to im­ple­ment­ing the United Na­tions Frame­work Con­ven­tion on Cli­mate Change (UNFCCC) and the Paris Agree­ment and sent out a strong sig­nal to up­hold mul­ti­lat­er­al­ism and pro­mote the in­ter­na­tional co­op­er­a­tion on ad­dress­ing cli­mate change, which in­jects strong political im­pe­tus into the 24th ses­sion of the Con­fer­ence of the Par­ties (COP 24) to the UNFCCC.

Q: We have noted that the con­sen­sus on trade is­sues was reached at the just con­cluded China-US sum­mit. There are some dif­fer­ences be­tween the press re­lease is­sued by the Chi­nese side and the state­ment re­leased by the US side. What is your re­sponse to that?

A: On De­cem­ber 1, Pres­i­dent Xi Jin­ping and Pres­i­dent Trump held a suc­cess­ful meeting on the side­lines of the G20 Buenos Aires Sum­mit and reached im­por­tant con­sen­sus, which points out the di­rec­tion for the China-US re­la­tions go­ing for­ward. The Chi­nese side has is­sued the read­out and I would re­fer you to that.

The two heads of state reached con­sen­sus on trade is­sues and agreed to stop levy­ing ad­di­tional tar­iffs. The two sides also put forth a se­ries of con­struc­tive pro­pos­als on how to re­solve the ex­ist­ing dif­fer­ences and prob­lems. China is will­ing to open its mar­ket, ex­pand import and help mit­i­gate the rel­e­vant Chi­naUS trade is­sues in light of the process of its new round of re­form and open­ing-up and the needs of the do­mes­tic mar­ket and its peo­ple. Mean­while, China points out that reach­ing a mu­tu­ally ben­e­fi­cial and con­crete agree­ment is the ba­sis and pre­req­ui­site for China to take rel­e­vant ac­tive ac­tions to­wards the US.

Q: The in­for­mal BRICS meeting and Rus­sia-In­dia-China (RIC) meeting were held on the side­lines of the G20 sum­mit. Could you of­fer more in­for­ma­tion on these meetings? How do you com­ment on them?

A: The in­for­mal BRICS meeting and Rus­sia-In­dia-China (RIC) meeting were held on the side­lines of the G20 sum­mit in Buenos Aires, Ar­gentina. Pres­i­dent Xi Jin­ping at­tended these meetings and rel­e­vant press read­outs have al­ready been re­leased. Here I would like to give you a re­cap.

Dur­ing the in­for­mal BRICS meeting, the five BRICS lead­ers reaf­firmed their com­mit­ments to im­ple­ment­ing the out­comes of pre­vi­ous BRICS sum­mits, en­hanc­ing sol­i­dar­ity and co­op­er­a­tion, fur­ther deep­en­ing and sub­stan­ti­at­ing BRICS co­op­er­a­tion in var­i­ous fields, and striv­ing to play a big­ger role in safe­guard­ing in­ter­na­tional peace and se­cu­rity, pro­mot­ing global growth, and im­prov­ing global gov­er­nance.

The BRICS coun­tries also ex­pressed their unan­i­mous sup­port for the WTO-cen­tered and rules-based mul­ti­lat­eral trading sys­tem and called on all WTO members to stand against uni­lat­er­al­ist and pro­tec­tion­ist mea­sures which run counter to WTO rules. The BRICS coun­tries are in fa­vor of re­form­ing the WTO, up­hold­ing the core val­ues and ba­sic prin­ci­ples of the WTO, and mak­ing sure that the WTO re­flects the in­ter­ests of all members, es­pe­cially de­vel­op­ing members.

Dur­ing the RIC meeting, the three lead­ers agreed that Rus­sia, China and In­dia are all ma­jor coun­tries of sig­nif­i­cant in­flu­ence and each other's im­por­tant strate­gic part­ners for co­op­er­a­tion. Our three coun­tries share a wide range of com­mon in­ter­ests and sim­i­lar devel­op­ment goals and shoul­der im­por­tant re­spon­si­bil­i­ties for the fu­ture of the re­gion and the world. The three lead­ers agreed to en­hance co­or­di­na­tion, and strengthen co­op­er­a­tion tri­lat­er­ally to jointly con­trib­ute to world peace.

Against the back­drop of a com­pli­cated and fluid in­ter­na­tional land­scape and world pol­i­tics, econ­omy, trade and en­vi­ron­ment fac­ing se­vere chal­lenges from uni­lat­er­al­ism and pro­tec­tion­ism, these meetings gave out a strong message for sup­port­ing mul­ti­lat­er­al­ism, step­ping up in­ter­na­tional co­op­er­a­tion and pro­mot­ing mu­tual ben­e­fit and win-win re­sults.

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