US EUROPE AFRICA ASIA 中文
Opinion / Fu Jing

Beijing and Berlin can infuse fresh blood into G20

By Fu Jing (China Daily) Updated: 2016-08-30 07:53

When G20 leaders gather for Hangzhou summit, they will experience firsthand how this ancient city has modernized while maintaining its traditional charm and historic significance over the past three decades. In fact, many Chinese cities have undergone such a transformation in the same time.

Moreover, China has lifted millions of families out of poverty over the past three decades and has vowed to eradicate absolute poverty by 2020. And through its Belt and Road Initiative, it has become the first G20 economy to offer a tangible way of boosting global economic growth by breaking, rather than building, barriers.

But China still faces challenges in transforming its development pattern, bridging the widening wealth gap and offering equal livelihood opportunities to its citizens to become a socialist market economy.

Germany that relies on its own model of social market economy by focusing on competitiveness and social inclusiveness has become an example for China. The governments of the two countries have established a consultation mechanism with nearly all of their cabinet ministers taking part in discussions and sharing their experiences.

So if the agenda-setting process of the G20 summit allows, Beijing should organize a session on the economic development models of Germany and China. Perhaps the G20 leaders attending the Hangzhou summit should take a tour of Zhejiang province, or take a ride on the high-speed train to Shanghai or Beijing to experience the positive changes brought about by China's economic development.

And when Hamburg hosts the next G20 summit, the participants could venture out into the city to learn from the practices of Germany to revive their own countries' economies and offer their peoples a better life.

The author is deputy chief of China Daily European Bureau

fujing@chinadaily.com.cn

Previous Page 1 2 Next Page

Most Viewed Today's Top News
...