Business / Hangzhou G20

Comment from Joerg Wuttke, president of EU Chamber of Commerce in China

By Chen Yingqun ( Updated: 2016-09-05 15:44

"Of President Xi's candid speech, I think points that really caught my attention are the institution building that he mentioned, the importance of IMF, the importance of SDR, where Renminbi has been included. And two things that struck me as well were his emphasis on international coordination of taxation as well as fighting against corruption, these two practical issues really are extremely important for global business. Within one minute of his speech he already said that globalization is being challenged by protectionism, and that the global economy's recovery is fragile."

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