Once the root cause is located, targeted medicine must be prescribed. As the premier forum for international economic cooperation, the G20 should identify its goal, set the direction and exercise leadership. We should not only address the immediate challenge by stabilizing growth, but also tackle the root cause by gathering momentum for long-term development. We should implement the outcomes of previous summits and strive to forge new consensus. We should manage our own affairs well by taking effective measures at home, and respond to the challenges together through closer cooperation. In this connection, I wish to make the following proposals.
第一,加强宏观经济政策沟通和协调,形成政策和行动合力。“孤举者难起,众行者易趋。”近年来世界经济增长的历程一再表明,在经济全球化时代,没有哪一个国家可以独善其身,协调合作是我们的必然选择。二十国集团成员块头大,占全球经济总量80%以上,对世界经济增长的责任也就更大,理应也能够有所作为。
First, strengthen macroeconomic policy communication and coordination, and form synergy between our policies and actions. We have an old Chinese saying, "The going is difficult when doing it alone; the going becomes easier when doing it with many others." The trend of the world economy in recent years shows that in the age of economic globalization, no country can prosper in isolation. Coordination and cooperation is the only viable choice. Members of the G20 are all major economies. Together, we represent over 80% of the global economy, and naturally carry greater responsibilities for global growth. Therefore, we must and, in fact, can be more proactive in our actions.
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