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Wang Wen: Advice offered for G20 in China

2015-11-18

By Wang Wen    Source: China Daily    Published: 2015-11-17

 

Wang Wen, executive dean of Chongyang Institute for Financial Studies at Renmin University of China:

 

China can better share its development experience with the world as host of the 2016 summit. The nation will promote as a core value finance that serves the real economy. It will also promote increased long-term infrastructure investment and closing the global infrastructure funding gap.


The G20 should mount public-private partnerships to include a jointly created capital pool and "project storehouse" to match governments and projects with companies in the private sector.


G20 participants should support global financial stability through accelerated reform of the US-dollar-denominated system.


Ye Yu, assistant director of the Institute for World Economy Studies at the Shanghai Institutes for International Studies:

 

China`s presidency of the G20 next year needs to implement past commitments, push forward unresolved issues on the core economic agenda and be ready to react to new global developments.


Stability agenda: This should include financial regulatory reform and a global financial safety net. China and other emerging economies in the G20 should work on improving contacts with the Financial Stability Board and assess the impact of new rules on the developing world.


Growth agenda: China needs to be proactive in encouraging the implementation of G20 growth plans.


Development agenda: Continuing Turkey`s emphasis on development this year, China may want to define a longer-term legacy by introducing a more systematic approach to G20 development.


Chen Fengying, head of the World Economy Research Center at the China Institutes of Contemporary International Relations:

 

The focus must lie on the "moderation" of China`s economy during restructuring and promote global economic recovery. The framework of global economic governance must be improved.


The G20 must discuss emerging migrant and refugee problems, as well as anti-terrorist measures, as these are long-term global challenges.

Key Words: G20   think tank   RDCY  

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