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G20 should aim to achieve sustainable growth

By Zhuang Yu and liu Cun | China Daily | Updated: 2015-11-13 07:54

Leaders of the G20 countries will gather in Antalya, Turkey, on Nov 15-16 for a high-profile meeting amid expectations that they will work out measures to promote global economic development.

If one word can summarize the fruits of the group's summit in Brisbane, Australia, in 2014, it would be "growth", because the G20 leaders promised an extra 2 percent economic growth by 2018. But the past year has not been satisfactory for global economic recovery. The International Monetary Fund recently has lowered its world growth forecast to 3.1 percent and the World Trade Organization estimates that global trade growth this year will continue to be lower than global economic growth.

These gloomy forecasts, together with a decline in global commodity prices and widely diverse monetary policies of countries, have made it even more urgent to realize the expected growth target. That is why Turkey, as the hosting country of the G20 summit, has laid emphasis on "implementation, investment and inclusiveness" and vowed to promote "inclusive growth".

G20 should aim to achieve sustainable growth

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