Sustainable growth main task for G20 members

Updated: 2013-09-04 13:41

(Xinhua)

  Print Mail Large  Medium  Small    

MOSCOW - Maintaining strong and sustainable growth is a main task for the Group of Twenty (G20) economies, Russia's G20 summit coordinator, or "sherpa," Ksenia Yudaeva has said.

Though considerable financial threats in Europe and other countries have lowered in recent years, an important task for both developed and developing countries has yet to be fulfilled, which is to return to a track of a sustainable high-pace growth, Yudaeva told Xinhua in a recent interview.

According to Yudaeva, the principal reason for the global slowdown is the lack of new sources for growth.

In the upcoming leaders' summit of the G20 in St. Petersburg, policy-makers will discuss measures to counter the sluggish growth, promote long-term development, mull policies to support consumers' demand and finance investment, said the Russian official.

Russia, which holds the G20 rotating presidency this year, outlined a strategic agenda of igniting a new cycle of economic growth through quality jobs and investment as well as effective regulation, according to Yudaeva.

She highlighted the role of investment in boosting sagging economies, as investment "is clearly the long-term and new source of growth."

Besides growth, discussions will be focused on financial markets, coordination of macro-economic policies of individual countries in financial regulations and other issues, she said.

"We also expect fruitful discussions over tax issues, automatic information exchange, action plan on tax base erosion and transferring of tax revenues to tax jurisdictions," she added.

For emerging markets, structural reforms are needed to increase economy efficiency, labor productivity and to shift workforce from less efficient to more efficient sectors, Yudaeva noted.

The sherpa also warned of possible risks of volatile currency rates in financial markets and uncertainties surrounding the U.S. Federal Reserve's plan to phase out stimulus.

As for the new formula of the International Monetary Fund (IMF) quotas, Yudaeva admitted it was the area where the least progress has been achieved.

"The new formula has some hypothetic nature because major countries, the U.S. first of all, still have not ratified the earlier reform."

It is expected that the U.S. Congress will approve the 2010 reform this fall and thus open the window for further discussion and finalize the discussion next January.

"Leaders would support the process of IMF reforms and increasing emerging countries' quotas in managing the IMF," she noted.

Meanwhile, Yudaeva highly praised China for its constructive approach and important role in policy-making within the G20 mechanism.

Russia and China create good working relations under the G20 framework, consult each other and take into account each other's positions, said the official.

"I'd like to stress that we cooperate productively. I hope that cooperation will continue," she concluded.

A G20 leaders' summit will be held in the Russian city of St. Petersburg on September 5-6.

The G20 groups Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States as well as the European Union.

8.03K

Schedule

President Xi visits Central Asia, attends G20, SCO summits

Sept 3 to 13: Pay state visits to Turkmenistan, Kazakhstan, Uzbekistan and Kyrgyzstan.

Sept 5 to 6: Attend the eighth Leaders' Summit of the Group of Twenty (G20) in St. Petersburg.

Sept 13: Attend the 13th Meeting of the Council of Heads of Member States of the Shanghai Cooperation Organization (SCO) in Bishkek, the capital of Kyrgyzstan.

Forum

Chinese economy will not collapse

The Chinese government has steered their megacarrier through choppy seas quite successfully.

China's role in G20

I saw a China that is much more confident to put itself forward at G20 summit.

Photos


Beijing backs truce bid in Syria


Ties with Kyrgyzstan upgraded


Student's rare blood bonds Kazakhstan and China


Xi 'travels in time' along the ancient trade route


Xi in Kyrgyzstan for state visit, SCO summit


Silk Road to take on a new look

主站蜘蛛池模板: 亚洲香蕉久久一区二区| 国产精品免费精品自在线观看 | 49pao强力在线高清基地| 日操夜操天天操| 免费羞羞视频网站| 黄色福利在线观看| 天堂va视频一区二区| 久久国产小视频| 欧美色欧美亚洲高清在线视频| 国产va免费精品观看精品| 7777精品伊人久久久大香线蕉| 波多野结衣一区二区三区四区| 成年女人免费v片| 亚洲日韩乱码中文无码蜜桃 | 性生活视频网址| 乱子伦农村xxxx视频| 特级aaaaaaaaa毛片免费视频| 国产一级淫片a| xxxxx日本人| 天堂网www在线资源中文| 久久久久久久久久久久久久久久久久| 欧美日本一本线在线观看| 动漫美女人物被黄漫小说| 黄色一级免费网站| 国产精品麻豆va在线播放| 一本色道久久综合亚洲精品高清| 日韩成人国产精品视频| 亚洲欧美中文字幕高清在线一| 精品少妇人妻AV一区二区三区 | 久久精品99国产精品日本| 欧美野性肉体狂欢大派对| 午夜精品视频5000| 黄色网址在线免费| 国产精品视频yuojizz| 无码成人AAAAA毛片| 国产精品自在自线| 啊灬啊灬啊灬快灬深久久| 亚洲最大黄色网站| 一本伊在人香蕉线观新在线| 日韩高清电影在线观看| 亚洲黄色在线观看|