President Xi in Turkey for G20 Summit: Xi proposes innovation, open economy

Chinese President Xi Jinping delivered a speech at the first session of G20 summit on Sunday.

Xi said China, as the world’s second largest economy, has the confidence and ability to sustain a medium-high growth rate and continue to create development opportunities for other countries.

The president said the Chinese economy is predicted to grow about 7 percent this year, which will continue to contribute as high as about one third to the global growth.

According to Xi, despite a recent slowdown, China still contributes 30 percent to world economic growth, which means that China still acts as a major world economic powerhouse.

Xi said in the coming years, China will highlight green and low-carbon development, improve its environmental quality, become heavily involved in global economy, and carry out the Belt and Road Initiative.

Xi also said the world’s second largest economy will continue to vigorously improve its people’s well-being and ensure that the benefits of development are shared by all.

The president said all these efforts will inject strong impetus into China’s economic growth while unleashing demand for the world economy.

Leave a Comment