G20

G20 want to boost more trade, the growth

Because the global growth subsides, want to strengthen the major industrial and emerging countries trade with each other – in spite of the increasing protectionism.

After their Meeting in Shanghai, the trade Ministers of the major industrial and emerging countries (G20) agreed: “We need to do more to achieve our common goals for global growth, stability and prosperity” – said in a joint statement. The economic recovery, go, back, stay behind the expectations. That is why the G20 to strengthen trade among themselves and thus contribute to more growth.

The cost should be reduced and the trade policy of the countries with greater co-ordination, had requested the Chinese Minister Gao Hucheng during the meeting in the southern Chinese business metropolis. Also the issue of protectionism needs to be addressed.

China is not on the pillory

Behind closed doors, had been discussed, according to participants, especially the Overcapacity in the steel sector.
China has been criticised repeatedly in the past, under the allegation of state aid. This Time, the people’s Republic was not, however, in the pillory. Rather, it was said at the G20, it was a world-wide Problem, the common answers.

On Saturday Gao had pointed out, the economic recovery remained “complicated and grim”. The global trade was sluggish and the international investment were more below the level from before the financial crisis of 2008. The International monetary Fund has lowered its forecasts for the world economy this year is repeated and a further downward correction is imminent, according to experts.

uh/jj (rtr, dpa)