The forthcoming g-20 summit in china has attracted world attention. The g-20 abandoned japan and chose china to host the summit because of its relatively strong capacity. This capacity is reflected mainly in china's stable and robust economic growth, its ample fiscal, monetary and economic resources, its new and stable political leadership, and its position as the second largest economy in the world and as the largest economy in the group of 20 with the exception of the group of seven. I'm going to paint a philosophies and welcome reading。
Hangzhou g20 summit time + location + significance
01 knowledge dissemination on the g20 summit
Knowledge i: time of hangzhou g20 summit
The tenth summit of the group of twenty (g-20) continued in antalya, turkey, on 16 december. China attended and made a statement announcing that it would host the g20 summit to present the overall thinking and vision of the summit next year. It was noted that china will host the eleventh summit of the group of twenty in hangzhou from 4 to 5 september next year. In the light of the current situation and the expectations of all, china has identified the theme of the summit as “building an innovative, dynamic, connected and inclusive world economy”. China will prepare for the summit in four priority areas, namely, innovative growth, improved global economic and financial governance, the promotion of international trade and investment, and inclusive development。
Theme: building an innovative, dynamic, interconnected and inclusive world economy
Organization: 4-5 september
Leave arrangements: currently pending
In november 2008, the g20 held its first summit in washington. This was followed by summits in london, pittsburgh, toronto, seoul, cannes, loscavos, st. Petersburg, brisbane and antalya. At the g20 summit in pittsburgh in september 2009, the g20 was identified as the main forum for international economic cooperation. In 2011, the g20 held an annual summit at cannes, france, marking the institutionalization of the g20。
Knowledge ii: what does the g20 summit mean?
The g20 summit, an international economic cooperation forum, was established in berlin, germany, on 16 december 1999 as a mechanism for informal dialogue within the framework of the bretton woods institutions, consisting of the former group of eight and the remaining 12 key economies. The g20 summit aims to promote open and constructive discussions and research on substantive issues between industrialized developed countries and emerging market countries in search of cooperation and to promote international financial stability and sustained economic growth. In accordance with past practice, the international monetary fund and the world bank attend meetings of the organization. The group of twenty (g-20) was proposed by the group of eight (g-8) finance ministers in washington on 25 september 1999 to prevent a recurrence of financial turmoil like that in asia and to allow for an informal dialogue on international economic, monetary and monetary policy among the countries concerned in the interest of stability in the international financial and monetary system. The g-20 has held a summit since 2008. As the g-20 structure matured and as a reflection of the importance of emerging industrial countries, the g-20 member countries announced in 2009 that the organization would replace the g-8 as the main forum for global economic cooperation。
In the wake of the asian financial crisis of 1997, there was a growing demand for an increased voice for developing countries in global economic activities。
1999. 6 in cologne, germany, the finance ministers of the eight industrial countries of the united states and japan, the united states and the russian federation, proposed to allow more countries to engage in regular dialogue on international economic and monetary policy in order to contribute to the stability of the global financial and monetary system in order to prevent a recurrence of asian financial turmoil. 1999. 9 the finance ministers of the group of eight (g-8) in washington announced the establishment of the group of twenty (g-20) forum, composed of the european union, the bretton woods institutions and the central bankers of the 19 finance ministers。
1999. 12 in berlin, germany, the group of eight (g-8) (united states-japan-united states of america-united states of america) and the european union and central bank governors of asia-latin america and the caribbean, created the g-20 informal forum on international economic cooperation. The meeting (with the international monetary fund and the world bank at the g20 forum) aimed at promoting an open dialogue between industrial and emerging market countries on important issues of the international economic, monetary and financial systems. Through dialogue, a broad basis was laid for the discussion and consultation of substantive issues, and cooperation was sought to promote the reform of the international financial system and to strengthen its framework. China was a founding member of the group of twenty (g-20) and had successfully hosted the seventh g-20 meeting of finance ministers and central bankers in 2005 as chair. China will host the g20 summit。
Knowledge iii: who are the countries of the g20 summit?
The g-20 is composed of 19 countries from the united states, the united kingdom, japan, france, germany, canada, italy, russia, australia, china, brazil, argentina, mexico, the republic of korea, indonesia, india, saudi arabia, south africa, turkey and the european union. These countries account for about 85 per cent of the world's gross national product and two thirds of the world's population. The top 20 economies in global GDP are within the g20 except for spain and poland。
The hosting of the g20 summit took the form of rotation among member states. The 2011 cannes summit in france enhanced the stability of the g20, while the 2013 to 2013 summit was identified as hosted by russia, australia and turkey respectively. The countries of the asian region will catch up with the current membership of china, japan, indonesia and the republic of korea. For asian countries, the right to nominate was given to australia, which decided who would host the g20 summit in the future. Australia's prime minister, albert 16, published a tweet in social media entitled “what should we expect on g20” which included a three-page joint statement focusing on issues such as trade liberalization to climate change, and the nomination of china to host the g20 summit (sponsored by turkey)。
02 hangzhou g20 summit and me
Hotspot: how many days did the hangzhou g20 take off?
It has been reported that during the g20, hangzhou enterprises will introduce a large-scale leave system to relieve the city of hangzhou. In beijing, reference is made to the six days of leave during the beijing shanghai apec conference and the six days during the shanghai apec conference. So meetings at a level like the g20 summit, giving the people of hangzhou a holiday is already hard-on, and the number of days is not estimated to be less than six. Leave is also granted in accordance with the apec meeting standards, with the exception of necessary jobs, in institutions, private enterprises, enterprises, schools and social organizations. What is even more surprising is reports that locals in hangzhou will also receive government subsidies. Ultimately, however, the government will have to wait for the final leave programme。
Where are you going to play if the schedule for the hangzhou g-20 summit is out? The editor of kim's insurance network reminds me that insurance is a part of the journey, in addition to food and clothing. Insurance experts remind travellers to travel on vacation without forgetting to plan tourism insurance in a uniform manner and to increase tourism accident insurance in due course. While travel with the group remains an option for many citizens, travel agents purchase travel risk insurance as a travel agency liability risk and do not award compensation for personal injuries and property damage to tourists. Insurance experts have suggested that, in addition to the liability insurance that the travel agency buys for the travel of consumers, it would be advisable to supplement the purchase of a tourism accident risk on their own to minimize the damage caused by accidents. There are not a few citizens who choose to travel in the surrounding area on their own leave. Many often feel that they have already bought insurance, and everything is good. Consumers with a self-drive plan may consider the liability of individuals in each seat. The owner should also be free to choose short-term personal accident insurance depending on the number of days he travels and the risk profile。
What is the significance of the g20 summit in china?
Expert statement: g20 hangzhou summit will lead global economic governance
The global economic situation remains critical. The new challenges facing the economies of both developed and developing countries, influenced by multiple political and social factors, have created new demands on global economic governance. Faced with reality, there is an urgent need for the international community to find the “diseases” of slow economic development and the “good solutions” for improving the economy. International experts noted that the hangzhou summit of the group of twenty (g20) scheduled for september would play an important role in promoting world economic growth and improving global economic governance。
Challenges to a stagnant currency devaluation in the world economy
First, there are problems in western economies. Over the years, some countries in the west have pursued ultra-negative monetary policies, leading to stagnation in the pace of reforms and economic hardship. On the other hand, a number of g20 developing members have experienced shrinking exports and manufacturing as a result of historical accumulation problems and the effects of the economic downturn in developed countries, and the pressure for currency devaluation has increased in the face of the expectation of continued interest rate hikes by the federal reserve. In the face of the many challenges mentioned above, the prospects for world economic growth cannot be fundamentally improved unless the international community advances structural economic reforms and strengthens global economic governance. The gradual rationalization of global economic governance can be achieved only if the interests and demands of all parties are factored in and mutually reinforcing approaches are effectively found. The g-20 can play an important role in this regard. In the view of the french experts, the g-20 framework allows countries to work together to combat cross-border tax avoidance, to work together to increase economic transparency and to reduce the losses to public finances by removing tax avoidance loopholes from multinational enterprises. Adinegara, a researcher at the indonesian institute for economic development and finance, noted that the g-20 could help to promote global trade cooperation, while the future g-20 needed to find common economic policies to help solve the economic problems of its members。
The hangzhou summit to restore confidence in responding to the crisis is very much expected
In response to china's first g-20 summit in hangzhou, foreign and chinese experts stated that china was an important driver of world economic growth, a participant in global economic governance and a builder of the international economic order, and that the summit was expected to produce important results. The experts expect that the g20 hangzhou summit will focus on the major economic and financial issues of the world, facilitate the transition of the g20 from crisis response to long-lasting governance mechanisms and make a new contribution to world economic growth and improved global economic governance. Contreras, professor of economics at the ibero-american university of mexico and economic adviser to the ministry of finance of mexico, in an interview with xinhua journalist, said that the greatest challenge in the world economy was the lack of confidence in global economic recovery. The g20 hangzhou summit was an opportunity not to be missed to discuss how to effectively restore international market confidence in economic development。
Zheligian perspective: the opportunity to showcase the results of china's transformational upgrading
After zongqing: take the opportunity to show the results of china's transformational upgrading
The g-20 summit is to be held in hangzhou, and it is natural for sensitive zhelicans to be of great interest. “this is certainly good news, and the g-20's influence is enormous, and every year the global economic hotspots and future directions will be born at this conference.” the telephone is coming out after busy zongqing. He stated that the g20 had the meaning of a “wind sign” for zhelicans. In addition to this, the g-20 summit could create a beautiful business card for hangzhou in the world: “hhangzhou is an environmentally beautiful city, and the g-20 provides a good platform and opportunity for the world to learn more about china and hangzhou.” this, in zongqing's view, will significantly enhance hangzhou's urban status and influence, increase hangzhou's worldwide visibility and accelerate the process of internationalization of hangzhou. “the theme of next year's g-20 summit is four `i', one of which is innovative growth approaches to increase the potential for world economic growth. I think that next year's g-20 will contribute to hangzhou's industrial development and transformational upgrading, including the upgrading of innovation, entrepreneurship, etc.” zongqing said that traditional industries were now facing transformation and that the g-20 was taking place, which might resolve some confusion for those enterprises. And the wahaha itself is on the road to transformation and escalation. What will the g-20 bring to wahaha? A few days ago, at the 17th china international industrial fair held in shanghai, zongqing became his own robot. In the list of pilot demonstration projects for smart manufacturing in 2015, published by the ministry of industry and communications in july this year, a total of 46 projects were selected throughout the country, one of which was the smart factory for food and beverage production in vakha. Perhaps the outside world is curious about this, and in fact zongqing has long gone further and further along the path of robot development and production. In his view, the g-20 summit was taking place in hangzhou, and the wahahaha might also take the opportunity to show the world the image of the brand and the results of china’s transformational upgrading. “in addition, as an indigenous enterprise in hangzhou, vakha will provide strong support for the services of the event. Zongqing said:。
How can china emerge from asia?
Zhang yansheng, director of the external economic research institute, stated that the g20 summit in china would provide an important window and platform for the world to understand china's economic development. A number of important issues were raised by the host congress, which reflected more of the country's development thinking and characteristics and contributed to enhancing china's role and position in the world economy. The establishment of the g-20 mechanism and the involvement of china in global economic governance cooperation have proved to be significant for global economic recovery. Some think-tank scholars have also stated that china's summit will help to achieve the growth goal of increasing the g20's overall GDP by at least 2 per cent on the current projected track, and will give new impetus and hope to global economic growth。
