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2017
Asia Needs more Dialogue
Solutions to urban pollution may prove complex
Spread of ESGs could herald new global movement
Investing in quality education is imperative if India wants to reap demographic dividends
China needs to lead in new multi-stakeholder world
China’s B&R initiative leading a resurgence of Asia
Education is key - but long-term: Can we survive?
New wave of robots will be beneficial to all
China needs to continue with its ‘heavy lifting’
Time is right for Chinese firms to invest in Europe
Robots to the rescue for China?
Asian Multinationals are Going Global, But to Where?
China ratchets forward with energy efforts
China’s calm necessary for globalization push
Bridging managerial gaps involves trust-building
China well-placed to power its future through green technology advances
China's new 'springtime' is here
2016
China’s moves show it’s banking on the future
Mindset for action at the G20 summit will be determined by Chinese presidency
Chinese head-hunting intensifies for rare managers that can steer overseas firms
US talk of isolation jars with growing links in Europe and Asia
Electoral rhetoric on global trade not in sync with reality
Is it time to be prudent and consider austerity policies again?
What will we do if we have no oil?
Unlock talent by finding the right fit for a person
The benefits are real and tangible
Trade along China’s ‘One Belt, One Road’ won’t succeed without the currency of trust
Reasons for optimism about the long term
2015
Can big oil go green and win?
Poorer Nations Could Sway Climate Talks
Combating Idleness and Deprivation
How China can be a model of food sustainability for the developing world
Kyoto II – Is it a Done Deal?
A meeting of the two largest economic powers
Why China will experience a 'soft' landing
Beware of superstitions
The Elephant and Dragon move ahead
G-7 target on fossil fuels raises many questions
Why Battle for Net Neutrality in the US Matters Globally
China’s resurgence – the ‘normal new’
Wanted: A managerial culture that embraces cultural differences
China's early education plan a smart investment in the future
The New Normal for China and India
2014
China's infrastructure push offers a sure track to better growth
US-China climate pact a good start, but not quite enough
Rethink the human’s place in the ‘digital revolution’
China springs a carbon surprise
Infrastructure - the invisible hand in full view
Dialogue vital for survival of Iraqi nation
China must nurture a new generation of beautiful minds
Great expectations in China and India
GM Cereals – The Pros and Corns
Time to be Honest about Our Energy Prospects
Weathering the Storm of Climate Change
Making a Big Decision? Beware of Your Biases
West Deserves Better Logistics Infrastructure
Digital Currencies do Represent the Future
From 'Printed' Houses to Wooden Skyscrapers
It’s time to bail out our schools, not our firms
Solution to India’s housing shortage – print new ones!
And the most promising green technologies of 2014 are ...
Transport infrastructure key to domestic, export growth
Oil stopgaps: Not worth risking
2013
Why the US should grant Edward Snowden amnesty
May we be more optimistic!
China headed for another massive social experiment?
A dialogue that worked
Yes, politicians deserve vacations - because we benefit
NPOs, NGOs invaluable as creators of dialogue
Look closer and ask: Is America reinventing itself?
Boston bombings case underlines need for dialogue
Millennium Development Goals or own goals?
As usual it's about balance - and timing - of course
Chinese strategists make right moves for growth
2012
Preparing for tomorrow
Austerity or growth?
Japan in danger of becoming 'just a place to fly over'
Beware of the business cycle?
An inconvenient truth
Limited offer sale: Buy a country
Where did our money go?
Leading from behind - a year of elections is almost over
Driving towards a green future
Waiting for springtime
Preserve or Perish
Startlingly similar Asia policy for Obama, Romney
Globalisation remains an irresistible trend
Google has the edge in smartphone war
U.S. Braces for China's Rise
Mankind’s General Scourge
The summer holidays are over and nothing has changed!
Put the hidden trillions to work
Making sense of India’s woes and wonders
Storm in a teacup!
Let’s give bad bankers a venue to admit their sins
News is about depth, not puff or velocity
Booming India, but too few toilets
Delayed Court decisions doesn't mean one may continue to play 'Great Game'
We need media to reflect on data and offer public a balanced view
Big polluters can lead in forging common purpose
The weighty issue of choosing a leader
EU-India Relations - Facing similar challenges
Educating with a goal
The Judicial Malaise
We are growing out, but not growing up
EU´s retrenchment enigma
Urbulence in the Eurozone and the effect on SMEs
Skolkovo May Help Russia to Diversify
Make things more effective
Tapping into the Commonwealth connection
Innovative models for public finance
Facebook revolution but Indian style
The feel-good factor
Asian investors - a private equity opportunity
India needs to be taller and stronger
China´s low sales volume...
Nations playing leapfrog
Shafts of sunlight
What webs we weave
As performers go to Davos, the circus steals the show
Can we control the politicians?
 
2011
Europe’s reminiscence
China firms should go for win-win in overseas ventures
Of procrastination...
Making sense of profiteering
Truth about financial mess must be laid bare
Small is also beautiful
China can help Europe with debt crisis
Excising the cancer of global corruption
Education, a critical asset
Arab uprisings set in motion forces of creative destruction
A new era of change
We must ensure better education for all
Beijing wary of bankrolling a lost cause
Asean's re-emergence as a local and global leader
Why India's Role in the Global Economy is Still Work in Progress
Its the leadership, stupid!
Reverse globalisation: The new buzzword
Mindset for action at the G20 summit will be determined by Chinese presidency
By Frank-Jürgen Richter
Global Times, September 5, 2016
 

Hangzhou is busy showcasing China to the rest of the world while the Group of 20 (G20) meeting is underway with twenty heads of state, special invitees, close advisors and the media in the city.

The G20, set up in 1999, following the relative failure of the Group of 7 to represent developing nations and forecast the Asian financial crash. The G20 holds annual meetings not only for government heads, but also their finance ministers and central bankers so they can focus on global economic issues, that are beyond the responsibility of any one organization. Now the group faces a new threat - global growth slowdown.

There is possibly a hidden agenda as well - the need to balance economic migration against demographics. A worsening dependency ratio is a worldwide obstacle to steady growth and mass migration exacerbated the problem. Statistics indicate that there is not enough immigration to compensate for aging nations. The UN suggests between now and 2050 that Germany would have to double its annual intake of immigrants and Russia would have to quadruple its annual inflow to prevent their populations from decreasing.

Acting as host brings several complexities for China. The government announced that this meeting must address global economic issues and consider how to develop the role of the G20. Chinese Foreign Minister Wang Yi said he hopes the group will develop away from crisis-response toward long-term governance. This concurs with Beijing's wish to discuss how their domestic responses to their economy will mesh with its aim to help develop international growth. The Belt and Road initiative is a good example of this aim to stimulate the Chinese economy as well as drive innovation and sustainable development internationally. It is trade that really supports the people of the world. Too little reduces their personal wealth and condemns them to a perilous downward spiral. Under the UN's Millennium Goals China has raised millions out of poverty. China implemented vast infrastructure changes and is instigating a huge new plan to create an integrated modern electricity supply system. The latter is needed to supply clean power while reducing pollution in cities, concurring with China's ratification of the 2015 Paris Agreement on Climate Change. Importantly, the new electricity supply system would make the Internet of things more secure, where, in theory, freezers communicate with suppliers to regenerate stocks independent of owners.

China, as host, can lead these discussions, but will need G20 members to further develop and implement the themes. The G20 members don't come to Hangzhou without tensions. The US is about to hold its presidential elections in November. President Barack Obama is at the Hangzhou meeting, but his successor might negate any agreements. The UK's recent decision to leave the EU has thrown that group into disarray, especially as the UK has not yet invoked Article 50. The new UK Prime Minister, Theresa May, knows that China has invested over 12 billion euro ($13.4 billion) in direct investments into the UK between 2000 and 2014. Broadly put, all nations have money issues, hence the importance of this Hangzhou meeting as it focuses on economic futures.

But the mindset for action will be determined by the chairmanship of the Chinese President Xi Jinping and the willingness of his G20 colleagues to come to a consensus about global economic development.

 

The author is founder and chairman of Horasis, a Swiss-based global visions community organization. bizopinion@globaltimes.com.cn

 


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