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Action, Not Words Needed to Lift Economy

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Action, Not Words Needed to Lift Economy MONDAY, September 5, 2016 chinadaily.com.cn ¥2 G20 Leaders pose for pictures during the G20 Leaders Summit at the Hangzhou International Expo Center in Hangzhou, East China’s Zhejiang province, on Sunday. WU ZHIYI / CHINA DAILY Action, not words needed to lift economy mit on Sunday, he said the G20 solutions to restore strong G20 agenda structural reforms, priority ment to handle crises to a long- President tells had drawn up action plans in growth and achieve more-in- should be given to achieving term dialogue and action Highlights of multiple fields, including sus- clusive development that balanced growth. He said the mechanism,” according to Monday world leaders tainable development, green reduces inequality. They also G20 will help less-developed Chen Wenling, chief econo- Xi’s speech The second day of the G20 Leaders finance, energy efficiency and agreed that more focus countries, including those in mist at the China Center for Summit China will strive anti-corruption, “and we should be placed on structur- Africa, with industrialization International Economic From the G20 Summit opening ceremony should implement each of al reforms, innovation and • President Xi Jinping meets as well as green energy and Exchanges. “To make it more to boost growth, them seriously”. high-technology, as tradition- the press at the closing news finance to bridge the gaps in effective, the G20 should estab- Faced with global The Hangzhou summit has al growth engines have weak- conference global development. lish a secretariat.” challenges, the aid development come at a time when the ened. • Bilateral meetings with The G20 has been criti- Wang Wen, acting director G20 should: world economy is plagued by German Chancellor Angela other G20 leaders cized in the past for failing to of Renmin University of Chi- • reinforce macroeco- By XIN ZHIMING and problems, short and long Merkel said leaders had take concrete measures to na’s Chongyang Institute for nomic policy coordination, WANG YIQING in Hangzhou term, such as poor growth agreed that they must work Inside coordinate world economies. Financial Studies, added: “The promote global economic momentum, changing demo- together to boost global eco- While urging members to G20 used to be driven by cri- growth and maintain finan- President Xi Jinping urged graphics, rising trade protec- nomic growth, and she wel- • Related summit stories > p2-6 take substantial action, Xi ses, and now it’s driven by cial stability; the leaders of the world’s big- tionism and low investment, comed China’s focus on • Pictures >p7• Editorial >p10 said the group “should con- ideas. China has provided a • innovate development gest economies to deliver “real Xi said. structural reform. tinue to build our mecha- global consensus at the models and explore growth action” and “no empty talk” as But he insisted that G20 She added that digital min- nisms to ensure our Hangzhou summit that will motivation; improve global they attempt to steer the glob- members will “face the prob- isters from the world’s biggest Reuters reported. cooperation continues and drive global joint action.” economic governance; al economy out of its sluggish lems squarely” and collabo- economies will meet for the Xi said in his speech that deepens”. • build an open world state. rate in developing solutions. first time next year and that while the world needs to bet- “The G20 is becoming more Contact the writers at economy and promote In his opening speech at the World leaders vowed at the the group planned to set up a ter coordinate monetary and systematic and is changing xinzhiming@ trade and investment liber- start of the two-day G20 Sum- meeting to find workable task force for innovation, fiscal policies and carry out from a short-term arrange- chinadaily.com.cn alization; • implement the 2030 Agenda for Sustainable Development. GALA The world’s Gini coeffi- cient, a measure of eco- Classic tales from East and West nomic inequality, has reached around 0.7, higher than the recognized alarm converge in lake extravaganza level, which stands at 0.6. This is something we must pay close attention to. By RAYMOND ZHOU 846), highlighted the city’s rich riage suggestive of exchanges in in Hangzhou cultural legacy as well as incor- other areas. To build a prosperous [email protected] porated international ele- Dancers performed in the world, G20 should: ments that subtly reflect the beautifully lit background in • keep up with the times State leaders and their state of today’s globalization. what looked like shallow and play a leading role, with spouses in Hangzhou for the The evening was billed as a water, and solo performances the G20 shifting from a G20 Summit enjoyed a feast symphony concert, using a were on a floating platform. forum for crisis manage- for the eyes on Sunday night musical idiom that director In such a setting, segments ment to long-term adminis- with a gala on the city’s much- Zhang Yimou chose for its from the famous Russian bal- tration; storied West Lake. broadly international reso- let Swan Lake, which received • make the G20’s work The 45-minute visual nance. Traditional Chinese instant applause when the more inclusive to meet the extravaganza, Most Memora- instruments wove in with the first dancer appeared, gained demands of people in all ble Is Hangzhou, a title taken sounds of a standard orchestra countries. from a poem by Bai Juyi (772- in an East-meets-West mar- SEE “GALA” PAGE 5 Dancers perform Butterfly Lovers on West Lake on Sunday night. HUANG ZHONGZHI / XINHUA In the news ANTI-GRAFT WORLD Zika in Singapore CCDI shows progress in hunt for corrupt officials came from Asia Singapore reports 215 cases of Zika infections as scientists By ZHANG YAN in Beijing Inside proceeds seriously damage Economic fugitives B20 delegates made two rec- rupt fugitives. No matter in the city-state say the virus and CAO YIN in Hangzhou social justice and hinder eco- returned to China ommendations to the G20 where they have escaped to, nomic development,” said Cai, regarding corruption: one to we will try every means to strain comes from within Asia Full-page graphic: 33 major Total Officials and was not imported from As the G20 throws the spot- economic fugitives brought to who is also deputy director of strengthen intergovernmental bring them back,” President Xi 1,200 Brazil. > p45 light on global anti-corruption justice >p8 the CCDI’s International cooperation; the other for Jinping said in 2014. efforts, China has released Cooperation Bureau. 1,000 1,023 leaders to foster a transparent In April last year, Interpol fresh data on its progress in Li Chengyan, head of Peking commercial environment. issued red notices — interna- BUSINESS capturing former officials said also that 7.62 billion yuan University’s Center for Anti- 800 “Curbing corruption is tional arrest warrants — for Booksellers get accused of fleeing abroad with ($1.14 billion) in illegal assets Corruption Studies, predicted 600 486 important, as graft under- 100 Chinese fugitives. By the creative ideas billions in public money. had been seized. that the summit will result in 511 (Jan-July) mines trust, which is a key end of July, 33 had been 400 Retailers of books reinvent The nation is more than two China has worked to make all members agreeing to a investment security factor. returned from 16 countries business models to survive years into an intensive cam- corruption a major talking legal definition of corruption, 200 244 And it increases transaction and regions, including seven paign to track down and repa- point at the ongoing G20 Sum- a coordinated mechanism to 67 costs due to unpredictability,” from Canada, the CCDI data and thrive despite competition 0 31 online. > p37 triate economic fugitives mit in the eastern city of pursue fugitives and stolen Mantoiu said. show. Two of the 33 have been overseas, part of wider meas- Hangzhou. Cai Wei, joint head assets, and the implementa- 2014 2015 2016 China launched a massive convicted and sentenced. ures to tackle graft. of the G20 Anti-Corruption tion of the UN Convention ASSETS SEIZED anti-corruption campaign aft- Developed countries such as A member of So far, 2,020 economic fugi- Working Group, said he Against Corruption. (Unit: billion yuan) er the new leadership was the United States, Canada, the Asia News 4 Network tives, including 342 former expects to see world leaders At the Business 20 Summit elected in late 2012. To capture Australia and Singapore have officials, have been returned to “further implement action on Saturday, also in 3 3.19 3.04 economic fugitives abroad, the become popular destinations 国内统一编号:CN11-0091 China from more than 70 plans promised in previous Hangzhou, experts agreed government set up the Central for Chinese fugitives due to 国际标准编号:ISSN0253-9543 2 1.39 countries and regions since years to improve cooperation that graft “is a barrier to eco- (Jan-July) Anti-Corruption Coordination the lack of extradition treaties. 邮发代号:1-3 2014, according to the Central in law enforcement, extradi- nomic growth”, said Evelyn 1 Group, led by the CCDI, and © 2016 China Daily Commission for Discipline tion and seizing illegal funds”. Mantoiu, a policy analyst from 0 launched its Sky Net operation. Contact the writer at All Rights 2014 2015 2016 Reserved Inspection. “Corrupt fugitives and the the University of Sheffield who “Western countries can’t zhangyan1@ Vol.36 — No. 11336 The top discipline watchdog cross-border flow of illegal attended the meeting. CHINA DAILY become ‘safe havens’ for cor- chinadaily.com.cn 2 Monday, September 5, 2016 CHINA DAILY BRICS calls for fairer governance position of multilateral trade as the key channel, joint- Five leaders, meeting informally ahead of summit in Hangzhou, ly build an open world economy and oppose all kinds of protectionism and exclusionism, to ensure that all pursue equity for developing countries, emerging economies countries will be equal in their development rights, opportunities and rules, Xi said.
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