G20 china_web

Leaders' views
GUEST AND LEADERS' VIEWS
Asia Pacific
& the Americas
These leaders' and guest leaders' views were adapted
from various speeches, bilaterals and interviews that reflect
their opinions regarding the work of the G20
Malcolm Turnbull
Australia
Every level of our policy effort is directed at
ensuring Australia makes that successful
transition to a new and more diverse
economy. A stronger and more agile
economy that is better able to seize the
extraordinary opportunities that we are
presented with today.
We are in the fastest-growing region
in the world, where more than half of the
world's middle class will be residing before
very long. Forty years ago, China was not
engaged in the global economy at all and
today it is, depending on who is
doing the measuring, either
the world's largest single
national economy, or
about to be the world's
largest single national
economy.
These are
extraordinary times.
Shinzo Abe
4
Japan
th Barack Obama
10
United States
th
of America
Summit
Summit
At the G7 Ise-Shima Summit, the other
leaders and I had frank discussions about
the risk that the global economy faces.
We agreed that “in order to avoid falling
into another crisis” we would “take all
appropriate policy responses in a timely
manner”, a position set forth in the
Leaders’ Declaration.
Although the global economy
2 nd
Summit
experienced negative growth in 2009,
as it did in 2008, the risks were not
fully recognised. For example, the IMF
forecasting close to four per cent positive
growth turned into negative growth at
a stroke, an event that was difficult to
recognise until immediately before it
occurred.
I believe that we should take proper
measures in order to accurately recognise
the present risks and avoid a crisis.
We live in a time when more than half the
world is under the age of 30. That means
we have to make sure that all of our young
people around the world have the tools
they need to start new ventures, to create
the jobs of the 21st century, and to help
lift up entire populations. Many of you are
already doing this.
As I travel around the world, one of
the extraordinary things that I have the
opportunity to do is to meet young people
in every region and to see the problem
solving and the energy and optimism that
they’re bringing to everything. From how
to generate electricity in environmentally
sound ways in remote places that are off
the grid right now, to how do you employ
women in remote areas who all too often
have been locked out of opportunity. There
is enormous creativity waiting to be tapped.
54 G20 China: The Hangzhou Summit • September 2016 G7G20.com