Europe Hope China Play A More Important Role

Leaders of the parties participating in the first working lunch to discuss the global economic situation, the Cannes Summit Plan of Action (ie strong, sustainable and balanced growth framework).

In the first stage and second stage of the meeting, the leaders were discussing the Cannes Summit Plan of Action, the international monetary system reform and development, trade issues. Working dinner to discuss global governance.
● 11 月 4 日
Leaders of the parties participating in the third stage, fourth and fifth phase of the phase, respectively, to discuss financial regulation, food and energy and other commodity price volatility, climate change, and employment and labor and other social issues, anti-corruption .
As the summit “wrap up” the second working lunch, the agenda is set by the Summit Outcome document, to discuss priorities for the 2012 summit.
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“Europe hope China play a more important role.”
School of International Relations, Renmin University of China Professor Shi that, G20 summit, the leaders of the participating countries most concerned about than the European debt crisis.

According to its analysis, the current Europe, Greece, Italy, Spain and other countries have different degrees of financial crisis. European leader in the German economy has become increasingly heavy burden, Europe want the United States, China and other economies lend a helping hand to help Europe weather the storm. From now, U.S. economic recovery is slow, unable to intervene in Europe’s financial problems; China’s economy still maintained rapid growth in recent years, European countries will be more hope that China play a more important role.

Shi said that China is likely in Europe to develop a practical plan of salvation on the basis of a helping hand. If the European financial crisis continues to worsen, then will spread to the world, as the world’s second largest economy, China will inevitably be greatly affected. If the debt crisis in China to Europe to take action, then the money is not so simple. China’s action should be strategic, to promote win-win situation between China and Europe.
Shi said that China-US trade friction between the two heads of state should be a meeting of important issues. For the current issue of trade protectionism, the two sides have deeper exchanges, seek to produce effective solutions.

“Obama will not be much impact.”

White House officials recently revealed to the media, G20 summit, Obama will meet with French President Nicolas Sarkozy and German Chancellor Angela Merkel hold a separate meeting to discuss how to respond to “drag the global economy,” the European debt crisis.

United States, “Washington Post” that Obama’s presidency, he has been through many countries to enhance trade and increase domestic consumption, and support international economic development. The world’s attention was focused on the leaders of these 20 countries will be how to deal with the debt crisis, they will put forward the plan to save Europe.

Former IMF chief economist Simon Johnson said: “This summit is more associated with Europe, American contribution in this regard may not be too much.” For the United States, this means that the summit walking in a “safe line” within. Clearly, Obama in a healthy economic environment in Europe have more vested interest, but the United States as the world’s largest economy in the European debt issues do not, and this means that Obama’s influence in the G20 summit also not too large.
“Europe’s prosperity means the prosperity of India.”

November 2, go to Cannes to participate in G20 summit, the Indian Prime Minister Manmohan Singh said in a statement that Europe’s crisis is caused by people “concerned about the main reason for the global economy”, “(Europe) priority is the need to quickly difficult decisions. ”

Singh that developing countries like India requires a favorable global economic environment, to address the enormous challenges they face. Singh said: “India wants the euro area through the crisis, because Europe’s prosperity also means that India’s prosperity.”

In its view, in this increasingly interdependent world, all countries must guard against the spread of the national economy and the effects of imported inflation pressures. “For India, this is a very important issue, India will cooperate with other countries to develop effective and representative global governance mechanisms, and in the international monetary and financial system reform process to achieve this control mechanism.”

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