The G20 Summit Of Hangzhou: Explore The Future Of The World's Direction

Sep 06, 2016

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September 4th, G20 Hangzhou summit scheduled to. The group of twenty leaders gathered in the beautiful West Lake, has become the most important global multilateral one event this year.



Three great expectations of the world economy


G20 summit is the world's most important economic governance platform, the theme of this summit is to build innovation, vitality, tolerance, linkage of the world economy". All countries have great expectations for the Hangzhou summit.


First, the G20 summit as a platform to promote the progress of global economic governance. The current world economy is still in the post financial crisis period of the difficult recovery phase. Since 2016, the world bank, international institutions such as the International Monetary Fund have lowered the world economic growth is expected, generally believe that in 2016 the world economy will continue after 2015, the second consecutive year the growth rate of less than 3%. And the recent series of major international hot spots, such as the British de Europe, emerging market countries, social and political turmoil, the French terrorist attacks, but also to the world's economic growth prospects even more bleak. In this context, the G20 summit can provide a new opportunity to promote the world economic growth, transformation, the main focus of attention of all parties.


The second is to promote the transformation of the G20 summit mechanism itself. First of all, the need to further enhance the emerging countries in the international economic mechanism in the G20 and the impact of the right to say. At present, the United States and Europe and other developed western still dominate in the influence of G20. In order to gain the right and influence of the emerging countries, it is necessary to further strengthen the dialogue and coordination in the framework of G20. During the summit will be held during the summit of the BRIC countries, whether as an opportunity to enhance the influence of emerging countries has been widely concerned. Secondly, to further expand the influence of the G20 summit and the efficiency of the proceedings. Since the establishment of G20 mechanism, people have been concerned about the field of economic and financial areas have been gradually beyond the traditional, security and political issues have begun to become the focus of their attention. In the future, G20 mechanism continues to bear the important platform for economic cooperation, but also is becoming a platform for dialogue and security cooperation in civilizations. In addition, the G20 summit is an important opportunity for countries, especially in emerging and developed countries to provide a good development model and the exchange of experience. Finally, to further improve the G20 mechanism under the "three carriages" coordination mechanisms that improve and develop the coordination framework of current and current and former he served as chairman of the country.


The third is to promote the implementation of the various results of the previous G20 summit. On the one hand, to further implement the commitments made by the developed countries since the financial crisis, as soon as possible to promote international monetary fund and other international mechanisms to achieve substantive progress. Since the beginning of 2016 IMF reform plan into effect, emerging countries as a share of IMF has increased more than 6% cumulative, but with the actual influence of emerging countries in the current world political and economic pattern is still obviously inconsistent. Although China is now the world's second largest economy, the total economic output has been greatly exceeded Japan, but the share is still significantly less than japan. In addition, India and other emerging countries have also actively sought to promote the reform of relevant international mechanisms, to honor the commitments of developed countries. On the other hand, countries around the world also look forward to the summit on the strengthening of global financial regulation, to accelerate economic growth and other measures introduced.

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