China expects G20 summit to produce positive outcome in trade

China expects G20 summit to produce positive outcome in trade

China expects G20 summit to produce positive outcome in trade

Written by Reuters

23 Nov, 2018 | 2:01 pm

Reuters – China expects the upcoming G20 summit in Buenos Aires, Argentina to produce practical, positive outcomes in economy and trade, said Chinese Vice Minister of Commerce Wang Shouwen in Beijing on Friday.

Chinese President Xi Jinping will attend the G20 summit from Nov 30 to Dec 1 at the invitation of Argentine President Mauricio Macri, according to a press briefing on Friday.

Wang told that press briefing that under the complicated global trade situation, especially when unilateralism and protectionism create a lot of uncertainties for the world economy, the G20 summit has attracted heightened attention from the international community.

“At such an important historic juncture, all parties expect the G20 members to demonstrate solidarity and resolve for action to carry out in-depth and constructive dialogue on international trade and other important issues and provide further guidance to global trade and economic growth,” he said.

Wang said China has three main expectations on the summit and is willing to work with other parties to ensure the summit to produce positive results.

“First, we expect trade and investment cooperation will be further strengthened to generate new driving force for economic growth. Second, in terms of economy and trade achievement, we look forward to seeing deepened cooperation in the area of development and boosting inclusive, sustainable development. Third, as the multilateral trading system has made an important contribution to enhancing global trade development and promoting economic growth and sustainable development, we hope the summit would further consolidate the consensus of all parties to support multilateralism,” said Wang.

The Chinese side expects to work with Argentina, the host country, and other parties to conduct in-depth discussions and comprehensive cooperation to make sure that the summit will produce practical and positive outcomes, said the vice minister. The press briefing also announced that the Chinese president will pay state visits to Spain, Argentina, Panama and Portugal from Nov 27 to Dec 5.

Latest News

Are you interested in advertising on our website or video channel
Please contact us at [email protected]