Chinese president proposes innovation, open economy for boosting global growth

ANTALYA, Turkey, Nov. 16 (NsNewsWire) — As impacts of the international financial crisis are lingering, Chinese President Xi Jinping has said on the Group of 20 (G20) summit that targeted medicine for sluggish growth must be prescribed, reports Xinhua.

In a speech entitled “Innovative Growth That Benefits All,” the Chinese leader on Sunday pointed out that the G20, a main forum for global economic and financial cooperation, should work to maintain a stable economic growth in the short term, while seeking to inject new impetus into the world economy in the long term.

Xi’s proposals for boosting global growth through effective measures as well as China’s endeavors to deepen reform and build an open economy have also been recognized by overseas experts.