In a bid to address global economic and financial instability, China is emphasizing the importance of cooperation within the G20 framework. According to analysts and observers, the G20 summit in St. Petersburg, Russia, serves as a critical platform to tackle the slowdown in advanced economies and volatility in emerging markets. A report published in Chinese media highlights that despite political disagreements among members, the focus should remain on shared interests to ensure steady global economic recovery. China, as the world’s second-largest economy, hopes the summit will foster collaboration, openness, reform, and development. Since its inception in 2009, the G20 has evolved into a premier forum for global economic cooperation, with Chinese President Xi Jinping underscoring its role in promoting international macroeconomic policy coordination. However, political issues, such as U.S. surveillance programs and the Syrian crisis, have shifted attention away from economic priorities. Chinese leaders stress that their best contribution to the global economy lies in maintaining domestic economic growth through structural reforms. In an increasingly interconnected world, countries must coordinate economic policies—a core objective of the G20. Recent financial disruptions in emerging markets partly stem from the U.S. Federal Reserve’s gradual tapering of quantitative easing. Given the significant impacts of such policy changes, G20 members must communicate effectively to guide market expectations.
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