Global governance

At the G20 summit, Xi called on major countries to adopt responsible macroeconomic policies and improve global economic governance to maintain and promote the openness of the world economy.

Kirill Dmitriev, CEO of the Russian Direct Investment Fund, said China has followed a principle of balance and win-win results in its cooperation with its partners. Xi's proposal at the G20 summit was constructive and has been praised by related parties, he said.

Macharia Munene, a lecturer on International Relations at the Nairobi-based United States International University, noted that Xi called for efforts to maintain a free, open and non-discriminatory multilateral trade system, to improve global investment rules, and to allocate resources more efficiently by encouraging rational flow of capital. China's stance is of great significance in solving issues facing developing countries, said Munene.

Hailing Xi's remarks as important and comforting, Mohammed Saqib, secretary general of India-China Economic and Cultural Council, said Xi's suggestion is essential for the G20 to boost trade and investment as well as financial security in the region.

"I think the G20 is a very important platform, lacking leadership. China should be more proactive in the G20," he added.

Evaldo Alves, a professor with the Brazilian Getulio Vargas Foundation, said China and other BRICS countries demanded at the G20 summit that developed countries shoulder faithfully their responsibilities for the global economy. The relevant requirements of emerging economies were reflected in the final statement of the summit, he noted.