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Economy

Injecting more stability into global economic development

2022-11-17   

The 17th G20 Summit was held in Bali, Indonesia, from November 15 to 16. How can the G20 align the course for global economic governance and promote sustainable recovery of the world economy? China's wisdom and China's plan have attracted much attention. At present, world peace and development are facing major challenges. China adheres to the basic national policy of opening up to the outside world, firmly pursues the opening strategy of mutual benefit and win-win results, adheres to the correct direction of economic globalization, enhances the linkage effect of domestic and international markets and resources, constantly provides new opportunities for the world with China's new development, and promotes the construction of an open world economy. On the G20, a major forum for international economic cooperation and an important platform for global economic governance, China has continuously contributed its strength to promoting world economic recovery and improving global economic governance. From the first comprehensive exposition of China's view of global economic governance during the Hangzhou Summit to the promotion of the G20 to continue to give priority to development in macroeconomic policy coordination at the Osaka Summit; From promoting digital economy related content to be included in the leaders' declaration for the first time at the Riyadh Summit, to solemnly proposing the "Global Vaccine Cooperation Action Initiative" at the Rome Summit... China advocates the global economic governance concept of equality, openness, cooperation and sharing, which not only conforms to the international trend, but also takes care of the concerns of all parties, and has won wide resonance and praise from the international community. "China has actively participated in the reform and construction of the global governance system, maintained multilateralism, and promoted the construction of a new type of international relations. In the context of the current sluggish global economic growth and the counter current of multilateralism, China's plan has a strategic vision." Konstanza Holcla, a scholar at the University of Santiago in Chile, said that the cooperation with China has brought more and more positive energy to Latin American countries. In the opinion of Stephen Ndegwa, the head of Kenya's South South Cooperation Think Tank, China's economy has maintained a sustained recovery momentum, continued to expand high-level opening up, effectively promoted the development of regional economic and trade cooperation, and injected more stability into global economic development. "Promoting the sustainable development of digital economy" Digital reshapes the world and leads the future. With the vigorous development of the digital economy, digital economic governance has received more and more attention from the international community. As a major digital economy country, China actively promotes digital cooperation among countries and shares the dividend of digital economy development with other countries. At the Hangzhou Summit, China promoted the formulation of the G20 Digital Economy Development and Cooperation Initiative. Digital economy has become a key topic and an important field of global economic and trade cooperation. In the context of the COVID-19, the digital economy shows strong development resilience: new technologies, new formats and new platforms such as 5G, artificial intelligence and smart cities are booming, and the "non-contact economy" such as online shopping, online education and telemedicine has been comprehensively accelerated. Jointly formulate and implement the "China Africa Digital Innovation Partnership Plan" with African countries, hold the China Latin America and Caribbean Science and Technology Innovation Forum, and work with Gulf countries to build smart cities and develop

Edit:Yi Bin Responsible editor:Li Bin Wei

Source:People's Daily online

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