Xi: China's current growth rate result of sound adjustment
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E-mail China.org.cn, September 3, 2013
3. You will have a bilateral meeting with President Putin on the sidelines of the G20 St Petersburg Summit. What expectations do you have for this summit? How do you see the work Russia has done in hosting the summit?
I am very much looking forward to meeting my old friend President Putin in St Petersburg. As I said during my visit to Russia last March, I hope the two sides will seize the opportune time of early spring to plough and hoe and reap a bumper harvest not only for our bilateral relations but also for peace and development in the world.
It is heartening to note that both sides are working hard to implement the cooperation consensus and agreements President Putin and I reached in Moscow, and bilateral cooperation in a wide range of areas, from economy, trade, investment, energy and law enforcement, to strategic and security matters, military-to-military relations, defense technology, local exchanges, culture and international affairs, has yielded important results or made positive progress.
This time, my meeting with President Putin will take place in autumn - the golden season of harvest. What has been sowed in spring will be turned into rich fruits this autumn. Together, we will review the progress in bilateral ties since our March meeting, set the direction and targets for cooperation in various areas in the next stage, and witness the signing of many new cooperation documents between relevant departments and companies.
I am sure that both sides will use the upcoming summit meeting as an opportunity to further capitalize on the high-level political relationship between our two countries, deepen practical cooperation across the board, intensify coordination and collaboration in international affairs, and take China-Russia relations to the next level to facilitate development efforts in both countries.
As the holder of this year's G20 presidency, Russia has made robust efforts to coordinate among members, strengthen the role of the G20 and promote world economic recovery. It has done a great deal of effective work in preparation for the G20 summit, fully demonstrating the role and impact of a major global player. China highly commends Russia's effort.
China pledges its full support to Russia's efforts to host a successful summit. We believe that under Russia's stewardship and with the efforts of all parties, the forthcoming St Petersburg summit will deliver positive results. By building consensus for G20 cooperation, putting forward ideas for global economic governance, and stimulating growth momentum for the world economy, the summit will serve as an important link in the course of G20' s development.
4. The Eighth G20 Leaders' Summit will soon be held in St Petersburg, Russia. What does China expect from the summit?
The G20 Leaders' Summit will soon take place in St Petersburg. At a time when world economic growth lacks momentum and the deep-seated impact of the international financial crisis goes on unabated, it will be an important meeting among leaders of the world's major economies. China supports the St Petersburg summit to focus on growth and employment to promote even closer partnerships among G20 members, strengthen their macro-economic policy coordination and jointly usher in a brighter future for the world economy.
First, G20 members should adopt responsible macro-economic policies. It is important that each country should, first and foremost, manage its own affairs well, keep its own economic house in order, and enhance economic competitiveness through vigorous structural reforms. On the basis of this, parties should step up policy coordination, make sure that the spillover effect of their policies are positive, not otherwise, and work together to meet the major risks and challenges in the international economic and financial fields.
Second, the G20 should uphold and promote greater openness in the world economy. Countries should categorically oppose protectionism of all forms, promote an early harvest of the Doha Round negotiations, and safeguard a free, open and non-discriminatory multilateral trading regime. Efforts should be made to deepen economic integration among countries, build a global value chain, and avoid fragmentation of markets and trading systems. This will contribute to win-win development of all countries.
Third, the G20 should work to improve global economic governance. It should continue to increase the representation and voice of emerging markets and developing countries. In particular, it should speedily implement the quota and governance reform plans for the IMF, complete on time IMF's quota formula adjustment and the next round of general quotas review by January 2014, and review the basket of currencies for special drawing rights as scheduled for 2015.
Fourth, the G20 should strive to be a development partner for developing countries. It should fully harness its own advantage and demonstrate greater political commitment to pushing for solutions to global development issues. It should forge more effective global partnerships on development, and mobilize more economic resources to tackle a greater number of development challenges.
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