Xi's attendance of G20 summit advances cooperation: Chinese FM

Chinese President Xi Jinping (C front) attends the 12th Summit of the Group of 20 (G20) major economies in Hamburg, Germany, July 7, 2017. (Xinhua/Xie Huanchi)

HAMBURG, Germany, July 8 (Xinhua) -- Chinese President Xi Jinping's attendance of the Group of 20 (G20) summit in Hamburg on July 7-8 contributed to maintaining and advancing the group's cooperation, Chinese Foreign Minister Wang Yi said here on Saturday.

Working together with the other participants, Xi made efforts to promote positive progress at the Hamburg summit on the basis of the G20's summit held last year in Hangzhou, China, and made new contributions to strengthening cooperation within the G20, promoting global economic growth and improving global economic governance, Wang said.

Xi made it clear that the G20 should adhere to taking the path of open development and mutual benefit leading to all-win results, support a multilateral trade mechanism, and promote international trade and investment, Wang said.

Facing such problems as unbalanced development of the world economy, Xi proposed proper handling of contradictions between fairness and efficiency, between capital and labor and between technology and employment, and also exchange and cooperation in terms of education and training, employment and business startups, distribution mechanisms, etc, in line with an idea of inclusive growth, Wang said.

In order to strengthen global economic governance toward achievement of a sound performance of the world economy, Xi proposed continued reenforcement of macro policy coordination, restructuring of international financial institutions and improvement of global financial supervision, etc.

To maintain sound development of the G20, Xi emphasized the importance of upholding the spirit of partnership among G20 members, and called for seeking common ground while reserving differences in order to step up cooperation, which prompted the Hamburg summit to reach consensus, and which maintained the international community's confidence in the group.

At the Hamburg summit, Xi participated in various discussions on the world economic situation, trade, finance, digital economy, energy, climate change, development, Africa, public health, refugee and migration issues, the fight against terrorism and others, elaborating China's concepts and solutions and vigorously pushing forward international cooperation.

Xi reiterated that the concepts such as openness, cooperation, all-win results, joint consultation, joint construction and sharing advocated in the Belt and Road Initiative are compatible with the G20's partnership spirit, and that they are complementary to one another and can jointly boost world economic development, Wang said.

On the sidelines of the Hamburg summit, Xi also launched a series of activities of summit diplomacy, Wang said.

Xi hosted an informal meeting of BRICS (Brazil, Russia, India, China and South Africa) leaders to prepare for the BRICS summit to be held in September in southeast China's Xiamen city.

Xi met with U.S. President Donald Trump to deepen cooperation based on mutual benefit between China and the United States, and the two sides agreed to well manage their differences. They also exchanged views on major hot-spot issues such as the nuclear issue on the Korean Peninsula, affirming a peaceful solution to it.

During his first meeting with South Korean President Moon Jae-in, Xi stressed South Korea should value and properly handle China's justifiable concerns. The two leaders agreed to work together to improve bilateral relations and maintain regional stability.

Xi urged Japan to make efforts to improve bilateral ties during his meeting with Japanese Prime Minister Shinzo Abe.

Xi also reached new consensuses on building political mutual trust and deepening bilateral and multilateral cooperation with French President Emmanuel Macron and British Prime Minister Theresa May at separate meetings on the sidelines of the summit.