Chinese President Hu Jintao's state visit to Austria and trip to France's Cannes for the sixth summit of the Group of Twenty (G20) have promoted friendship, cooperation and efforts to seek a win-win outcome, Chinese Foreign Minister Yang Jiechi said Friday when the summit was closing.
As Europe's debt troubles cast a shadow over the G20 summit in Cannes, economists are saying that countries should put a priority on achieving economic growth.
The chief of the Organization for Economic Cooperation and Development said China should make decisions in the same way that businessmen and investors would.
China's readiness to help the debt-ridden EU out of its quagmire has been unjustly politicized, as some Europeans fear China's assistance would come in exchange for EU political concessions on thorny issues.
Analysts from across the globe share their views with China Daily on the prospects of the upcoming G20 Summit in Cannes, France, world economic governance, and the risk of a double dip recession.
The current deadlock in the Greek economy is a symptom of a deeper eurozone crisis, and a common fiscal policy is essential for the stabilization of the European Union's economy.
The G20 has been widely hailed as "historic progress" in the restructuring of global governance. As long as the power-shifting process does not reverse, the urgent demands on the G20 will continue to exist.
Asia will play more important role in the process of global economic governance reform, according to a report released by Asian Development Bank and a leading US think tank on Monday.
The world's 20 most important finance ministers and 20 most important central bankers traveled to Washington this month from every part of the globe to accomplish, predictably, exactly nothing.
The deadlock over the US debt ceiling was broken at the last minute, after months of partisan standoff. The United States can now keep borrowing to avoid defaulting on its debts or the shutting down of government agencies. But the US debt issue is far from being resolved.
BEIJING - French Foreign Minister Alain Juppe spent a busy Tuesday visiting Beijing to gain China's support for the upcoming G20 Cannes Summit.
French President Nicolas Sarkozy and visiting Chinese State Councilor Dai Bingguo said Friday that they hoped for signals of confidence and solidarity from this year's Group of 20 (G20) Summit due in November in southern France.
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