The G20 Summit in Rome ended on Sunday with the adoption of a declaration reaffirming the crucial role of multilateralism and international cooperation in overcoming the global challenges arising from the COVID-19 pandemic.
Produced by Xinhua Global Service
The 16th Group of 20 (G20) Leaders' Summit is going to take place both online and offline on Saturday and Sunday.
The summit will be hosted by Italy which holds the G20 presidency since Dec. 1, 2020. It is the first summit that sets offline schedule after the outbreak of the COVID-19 pandemic. China will send a delegation to participate in the summit in Rome.
Produced by Xinhua Global Service
BUENOS AIRES, Dec. 5 (Xinhua) -- Chinese President Xi Jinping and other Group of 20 (G20) leaders concluded a fruitful summit Saturday, exchanging in-depth views on building consensus for fair and sustainable development.
The group issued a declaration after the two-day summit, sending a positive signal to the international community and market and maintaining the cooperative momentum among the G20 economies.
Xi put forward a four-point proposal, urging the group to steer the world economy responsibly, stay committed to openness and cooperation, and play a leading political role in nurturing favorable conditions for international trade and fighting climate change.
URGING TO STEER WORLD ECONOMY RESPONSIBLY
Addressing the 13th G20 summit on Friday, Xi urged the G20 to stick to openness, partnership, innovation and inclusiveness.
He warned of accelerated accumulation of risks in the global economy and pledged that China will firmly push forward a new round of reform and opening-up, with increased efforts in intellectual property rights (IPR) protection and more imports.
Noting that it has been 10 years since the global financial crisis broke out and the first G20 summit was convened, the Chinese president said the global economy today, while maintaining growth on the whole, is still not free from the underlying impacts of the crisis.
"Old growth drivers are yet to be replaced by new ones, while various risks are rapidly building up," he said. "The world economy is facing another historical choice."
With the industrial chain, value chain and supply chain ever growing and expanding, greater coordination and complementarity among countries meet the need of productivity growth and will also shape the future of relations of production, he said.
In this process, countries are increasingly becoming a community with shared interests, shared responsibilities and a shared future, and win-win cooperation is the only choice going forward, Xi said.
He called on G20 leaders to work with "the same courage and strategic vision" as has been demonstrated 10 years ago when the first G20 summit was convened.
"Facing various challenges, we must have a stronger sense of urgency, be rational in approach and look beyond the horizon. We must fulfill our responsibility and steer the global economy in the right direction," he said.
During a discussion on fair and sustainable future, Xi said that with the G20's combined economy making up over 80 percent of the world's total, as long as each member keeps its economy stable and growing, the world economy will be stable and growing.
He encouraged the G20 to contribute positive energy to the world economy and reduce the negative spillover of certain macro-economic policies, so as to initiate a virtuous cycle of common development.
MAKING FOUR-POINT PROPOSAL
The G20 economies demonstrated a positive will to address differences through consultation and standing united in face of challenges, with Xi putting forward a four-point proposal.
Firstly, Xi called on G20 members to stay committed to openness and cooperation and uphold the multilateral trading system.
"We should firmly uphold free trade and the rules-based multilateral trading system," he said.
China supports necessary reform of the World Trade Organization (WTO), and believes that it is critical to uphold the WTO's core values and fundamental principles such as openness, inclusiveness and non-discrimination and ensure the development interests and policy space of developing countries, said the Chinese president.
During the process, all sides need to conduct extensive consultation to achieve gradual progress, he said.
Secondly, Xi urged the G20 to forge strong partnership and step up macro-policy coordination.
He called for the use of "the three tools of fiscal and monetary policies and structural reform in a holistic way to ensure strong, balanced, sustainable and inclusive growth of the global economy."
Developed economies, when adopting monetary and fiscal policies, should give more consideration to and work to minimize the impact such policies may exert on emerging markets and developing economies, he said.
The international monetary system should become more diversified, and the global financial safety net should continue to be strengthened, he added.
Thirdly, the G20 should stay committed to innovation and create new momentum for growth, Xi said.
He called on the group to encourage innovation and leverage the role of the digital economy in growing the real economy.
"We need to watch out for risks and challenges brought by the application of new technologies, and strengthen the legal and regulatory framework," Xi said.
"We should give priority to achieving development through fully tapping our innovation potential. At the same time, we also need to keep our doors open and encourage the spread of new technologies and knowledge so that innovation will benefit more countries and peoples," said the Chinese president.
Xi proposed that the G20 carry out an in-depth study on the application and impact of new technologies on a priority basis to explore new thinking and new ways of cooperation in this area.
Fourthly, Xi urged the G20 to stay committed to win-win cooperation to promote inclusive global development.
"We need to continue to follow a people-centered development philosophy and endeavor to deliver a sense of fulfillment, happiness and security to our people," he said.
CALLING FOR POLITICAL LEADERSHIP ON TRADE, CLIMATE CHANGE
Xi also called on the G20 to play a leading political role in nurturing favorable conditions for international trade, and urged the G20 to inject political impetus into international cooperation on jointly tackling climate change.
On the trade issue, the Chinese president said that the G20 should firstly stick to openness and free trade, maintain and further expand an open market, and realize win-win cooperation through mutual exchanges and complementarity.
Secondly, the G20 should stick to inclusiveness, and bring the benefits of international trade and economic globalization to people of all countries and all classes, Xi said.
Thirdly, the G20 should uphold rules-oriented spirit and nurture a stable and expectable institutional environment for the healthy development of international trade, he said.
On climate change, Xi said it is a major challenge to the future and destiny of mankind, which requires G20's joint efforts.
China, France and the United Nations reiterated their firm commitment to implementing the Paris Agreement on Friday, sending a strong signal of pushing forward international cooperation to tackle global warming, Xi said.
He urged the G20 to inject political impetus into the international cooperation on jointly fighting climate change, with a sense of responsibility of building a community with a shared future for mankind.
The Chinese side looks forward to the participating sides reaching a package agreement at the upcoming Conference of the Parties (COP24) to the United Nations Framework Convention on Climate Change in Katowice, Poland, and implementing the Paris Agreement based on the principle of common but differentiated responsibilities and respective capabilities, Xi said.
China stands ready to make joint efforts with various sides and make its due contribution, he added.
The Chinese president arrived in Buenos Aires on Thursday night to attend the G20 summit on Friday and Saturday, and pay a state visit to Argentina.
China accused India of “betraying” a British-era territorial understanding over their border in Sikkim, intensifying a diplomatic row that could overshadow talks between Prime Minister Narendra Modi and Chinese President Xi Jinping should the two meet on the sidelines of a G20 meeting in Germany this week.
Concerns over Chinese military deployment have started mounting, with Indian navy sources reporting on Monday an increase in activity by Chinese vessels in the Indian ocean region. An intelligence-gathering ship, Haiwingxing, was spotted in Indian Ocean late last month, weeks after the Sikkim impasse began.
Troops from the two countries are facing off near the border in Sikkim after the Chinese army tried to build a road in the sensitive Doklam, a disputed region between China and Bhutan, which Beijing also refers to as Donglang. The episode is one of the longest showdown the two sides have had since fighting a war in 1962, and experts in Beijing believe the issue could lead to a full-blown military confrontation.
The situation could dominate a possible informal meeting between Modi and Xi, on the sidelines of a G20 gathering in Hamburg.
On Monday, the Chinese foreign ministry cited correspondence between former PM Jawaharlal Nehru and Chinese Premier Zhou Enlai to claim that India “endorsed” the 1890 Sino-British treaty on Sikkim, and said the ongoing “trespass” by Indian troops is a “betrayal” of the position taken by New Delhi since then.
“Former Indian PM Jawaharlal Nehru endorsed the 1890 Sino-British Treaty on Sikkim in a letter to the then Chinese counterpart Zhou Enlai in 1959. Successive Indian governments have also endorsed this,” Geng Shuang, ministry of foreign affairs (MFA) spokesperson, said at the regular ministry briefing.
“The India-China boundary in the Sikkim section is well demarcated. The action taken by India is a betrayal of the position taken by the Indian governments,” Geng said, adding that India needs to follow the treaty and pull back troops immediately from Doka La.
The region is where the borders of the three countries — India, China and Bhutan — meet.
Doka La is located on the margins of the Doklam plateau.
India has consistently disputed the Chinese reference to the 1890 treaty, saying that the two countries decided in 2012 that boundary points between India and China where another country is involved — in this case Bhutan — will be finalised in consultation with the third nation.
Ties between both countries have historically been fragile, with territorial disputes on India’s eastern front — regions such as Aksai Chin and Arunachal — being the major cause of friction.
Heightened tensions were underscored by the sightings of Chinese naval assets in Indian Ocean. India’s naval satellites, surveillance planes and surface warships sighted Luyang III class destroyers, hydrographic research vessels and tankers. The presence of a submarine was also established by the sighting of Chongmingdao, a Chinese navy submarine support vessel.
In a briefing on Monday, Geng brushed aside India’s contention and said New Delhi was using Bhutan as a “cover up” to justify the “illegal entry” of its soldiers in the Doklam.
Geng also said that a demarche that Bhutan sent to China against the road construction was done at India’s insistence.
“In order to cover up the illegal entry of the Indian border troops, to distort the fact and even at the expense of Bhutan’s independence and sovereignty, they try to confuse right from wrong, that is futile,” he said.
The foreign ministry spokesperson also dismissed Indian defence minister Arun Jaitley’s remark that the current India was different from the India of 1962, which lost the Sino-India war. Jaitley’s statement was in itself a response to a Chinese army spokesperson saying that New Delhi should “remember historical lessons”.
“He is right in saying that India in 2017 is different from 1962, just like China is also different,” the Chinese foreign ministry official said on Monday, without elaborating on what it meant.
(With inputs from HTC, New Delhi)
1. The DPRK conducted its fifth nuclear test on September 9, 2016, in Punggye-ri, North Hamgyong Province.
2. Despite the clear warnings sent again by the international community at the G20 Summit and East Asia Summit, the DPRK conducted another nuclear test since 2016 in flagrant violation of relevant UN Security Council resolutions. The ROK government strongly condemns such a grave provocation, which must not be condoned.
3. The DPRK regime is continuing its dangerous provocations, focusing solely on the advancement of its nuclear and missile capabilities while completely ignoring the poor human rights situation of its people and their livelihood. However, the DPRK regime must clearly realize that it has nothing to gain from such behavior. The more reckless provocations the DPRK conducts, the stronger international sanctions and more severe diplomatic isolation it will face, leading to the collapse of its economy and eventually self-destruction.
4. The ROK government again strongly calls on the DPRK to immediately abandon its nuclear weapons and missile programs in a complete, verifiable and irreversible manner. The ROK government will continue to cooperate with the international community and make all the necessary efforts to seek much tougher sanctions at the UN Security Council and bilateral levels.
5. Furthermore, the ROK government will maintain a high readiness posture against any further provocation by the DPRK which threatens the safety of the ROK and the lives of its people and will demonstrate an unwavering response.
HANGZHOU, Sept. 5 (Xinhua) -- The 11th summit of the Group of 20 (G20) major economies concluded here on Monday, reaching extensive consensus on pursuing innovative, invigorated, interconnected and inclusive world economic growth.
"Held at a critical time for world economic growth and the transformation of the G20, the Hangzhou summit attracted wide attention from the whole world and carried high expectations," Chinese President Xi Jinping said at a press conference after the summit's conclusion.
From Sunday to Monday, leaders of G20 members, guest countries and international organizations exchanged views on topics including more effective global economic and financial governance, robust international trade and investment, and inclusive and interconnected development.
They also discussed prominent issues affecting the global economy, including climate change, refugee, anti-terrorism financing and public health.
CHARTING A NEW COURSE
World economic recovery remains weak this year. The World Bank in June cut its 2016 global growth forecast to 2.4 percent from 2.9 percent projected in January, partly due to sluggish growth in advanced economies, stubbornly low commodity prices and weak global trade.
The forecast is much lower than a year-on-year growth of 6.7 percent in the first half of 2016 in China, in line with the government's target to keep its annual growth between 6.5 percent and 7 percent this year.
The world has been hoping for Chinese wisdom and prescription to cope with common challenges after the country took over the G20 presidency.
Xi said in a closing speech that leaders attending the summit decided to point out the way and set the course for the world economy.
"We will continue to reinforce macro-policy dialogue and coordination, work in the spirit of partnership to promote mutual help and win-win cooperation, and focus our minds and energy to pursue strong, sustainable, balanced and inclusive growth," Xi said.
A G20 Leaders' Communique of the Hangzhou Summit was adopted to set out the direction, targets and steps of G20 cooperation and depict the blueprint for future world economy.
A mix of effective tools, including fiscal, monetary and structural ones, must be implemented to buffer against short-term risks and unleash medium- to long-term potential, Xi said.
"This will send a strong signal of G20's commitment to promoting global growth, and help shore up market confidence and ensure stability of global financial markets," Xi said.
BLUEPRINT ON INNOVATIVE GROWTH
"We are determined to break a new path for growth to inject new dynamism into the world economy," Xi said.
Past realities teach us that merely relying on fiscal and monetary policies does not work for the world economy, Xi said, adding that the world should pursue innovation-driven economy and create a new round of growth and prosperity.
The leaders unanimously adopted the G20 Blueprint on Innovative Growth, which reflects their desire to find the right path toward sustainable and healthy growth.
The G20 members will capitalize on the new opportunities brought about by innovation, new industrial revolution, digital economy and other new factors and business types, and make a series of action plans, he said.
They are also going to encourage innovation in various domains and ensure that the fruits of innovation are shared, Xi said.
"The blueprint provides us with the consensus, action plan and the overall framework to open up a new path for global growth and increase medium- to long-term potential of the world economy," he said.
BETTER GOVERNANCE, INCLUSIVE GROWTH
The leaders were also determined to improve global economic and financial governance to enhance the resilience of the world economy, and to revitalize international trade and investment as the key engines of growth and build an open world economy, Xi said.
They agreed to advance the quota and governance reform of international financial institutions, broaden the use of Special Drawing Rights, strengthen the global financial safety net and make the international monetary system more stable and resilient.
The leaders agreed to deepen cooperation on financial inclusion, green finance and climate funds, and formulated an action plan on energy access, renewable energy and energy efficiency, Xi said.
They will also enhance international tax cooperation, and join efforts of anti-corruption to deprive all corrupt persons of any safe haven in G20 countries and beyond, he said.
G20 members reiterated their stance to oppose trade protectionism and support multilateral trading mechanisms in pursuit of trade growth, and formulated guiding principles for investment policymaking to facilitate investment around the world.
Consensus was also made to promote inclusive and interconnected development, so that G20 cooperation will deliver benefits to the whole world, according to Xi.
For the first time, the summit put development at the center of global macro policy framework and made a groundbreaking action plan implementing the 2030 Agenda for Sustainable Development, he added.
"The development of G20 has a bearing on the immediate interests of all its members and the future of world economy. Only when the mechanism responds to changes and advances with the times can it retain its vitality," Xi said.
US President Barack Obama and Russian President Vladimir Putin have been unable to reach an agreement on ending the violence in Syria. The pair met on the sidelines of the G20 summit in China after talks between their foreign ministers also ended without success.
It was the second time in two weeks that US Secretary of State John Kerry and Russian Foreign Minister Sergei Lavrov have failed to reach a deal on a ceasefire. The previous time they met was in Geneva on August 26. Kerry has said the United States won’t accept just any deal just to have it collapse again.
A cessation of hostilities agreement brokered by Lavrov and Kerry in February unraveled within weeks, with Washington accusing Syrian President Bashar al-Assad’s forces of violating the agreement. The latest diplomatic failure has dashed hopes, in particular, for a weekly 48-hour truce in the war-shattered city of Aleppo to allow aid deliveries and medical evacuations.
At an end of summit news conference, German Chancellor Angela Merkel said that President Putin has a major role to play in whether there is a ceasefire in Aleppo.The sticking points in the latest talks are unclear but key differences remain between the US and Russia.
Both are battling ISIL but Moscow supports President Assad and his forces, including with direct military intervention. Washington, also conducting air strikes at the head of a coalition, backs opposition groups seeking to topple the Syrian leader.