Nearly flat: promote economic structural reforms would rather slowed

Addition to st Petersburg in September 5 (Reuters) g20 leaders summit eight 5 st. Petersburg in Russia. Chinese President to attend the meeting and delivered an important speech, stressed that all countries should take a long view, to shape the national linkage development innovation, growth, integration of world economy, determined to maintain and develop the open world economy, the construction of closer economic partnership, to shoulder responsibility. China will unswervingly comprehensively deepen reform, adhere to the win-win strategy of opening up. China has the condition has the ability to achieve sustainable and healthy economic development. Prior to the start of the summit, Mr Xi with other leaders arrived in st. Petersburg, in turn, Constantine palace, was met by Russian President vladimir putin. The meeting started at 5 PM local time. Mr Putin presided over. The theme is growth and employment, the leaders around the world economy, trade, development and the international monetary and financial system reform issues such as speech. Xi jinping said in his speech, at present, the world economy gradually out of the trough, the situation to continue toward the good direction. At the same time, the negative impact of international financial crisis still exists, the global economic recovery is still a long way to go. We should strive to shape the national linkage development innovation, growth, interest integration of world economy. Xi jinping pointed out that the development and innovation, is the demand of sustainable growth of the world economy. Countries to improve the quality and efficiency of economic growth, enhance economic competitiveness through positive structure reform. Growth, is the world's strong growth requirements. Countries must set up the fate community consciousness, cooperation in the competition, in the cooperation of the communist party of China to win. In the pursuit of national interests when the profit of other countries, both to other countries looking for their own development. Let every national development growth form linkage effect with other countries. Interests, is the need of balanced growth of the world economy. Countries benefit sharing of global value chain to build, nurture pratt &whitney parties to global big market, realize win-win development. Xi stressed that shape the world economy, the construction need of g20 members closer economic partnership, to shoulder responsibility. First, take responsible macroeconomic policies. The major economies must first do a good job in their own things, to ensure its own economic a big fuss. Countries to strengthen macroeconomic policy coordination and communication. China's economic policy is responsible for China's economy, is also responsible for the world economy. China's good economic fundamentals, we firmly push forward structural reforms, rather than growth will come down a bit. China has the condition has the ability to achieve sustainable and healthy economic development, to bring more positive spillover effects for the world economy. Second, safeguard and develop the open world economy. To oppose all forms of protectionism, maintenance free, open and non-discriminatory multilateral trading system, explore the perfect global investment rules, guide the rational flow of capital in global development. Third, improve global economic governance and make it more fair and just. The relevant countries to further grasp well implement the international monetary fund share and governance reform. To formulate reflect the weight of national economy in the world economy new share formula. To continue to strengthen the construction of the international financial market regulation, stability, resistance to the risk of the international monetary system, the reform of the SDR basket, strengthen international and regional financial cooperation mechanism, set up a financial risk to the firewall. Xi stressed that in order to promote China's economic and social sustainable and healthy development, China will unswervingly promote reform. We are will comprehensively deepen reform on the overall research, in order to push forward economic, political, cultural, social, and ecological civilization system reform, further liberation and development of social productivity, liberation and increase the creativity of the whole society. China will strengthen the construction of market system, promote the macroeconomic regulation and control, finance and tax, finance, investment and administrative system reform, more fully play to the basic role of market in resource allocation. China will work to deepen the reform of the marketization of interest rate and exchange rate, increase the elasticity of the RMB exchange rate, and gradually make the RMB convertible under capital account. China will adhere to the win-win strategy of opening up, we will deepen reform of the involved in investment, trade system, perfect the laws and regulations, companies in China for all countries to create a fair business environment under the rule of law, to solve trade disputes with relevant countries through consultation.