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Summit can be historic starting point for the world

China Daily | Updated: 2016-09-04 08:11

The Austria-born American management philosopher Peter Drucker once attributed the absence of right-wing fanaticism in North America to the self-organizational ability of society, represented, first of all, by the thousands of well-managed business enterprises.

That point should be appreciated today, when, eight years after the 2008 global financial crisis, all major economic powers still cannot guarantee a sustainable recovery for the world.

The annual meeting of the G20 bears witness to the shared will and joint efforts of the leading developed and developing economies in the world. All countries have so far remained steadfast in their agreement to hold a defensive line for the globalist agenda. There has not been a full-scale trade war and competitive currency depreciations - at least not yet.

Summit can be historic starting point for the world

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