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Leader’s view Xi

Leader’s view Xi Jinping President, People’s Republic of China LEADER’S VIEW Global growth requires new drivers Development should be more inclusive and balanced, and the gap between the rich and the poor needs narrowing, writes Xi Jinping 5 th Summit 2012 Elected In this increasingly multi-polar, economically globalised, digitised and culturally diversified world, the trend towards peace and development becomes stronger, and reform and innovation are gaining momentum. Never have we seen such close interdependence among countries as today, such fervent desire of people for a better life, and never have we had so many means to prevail over difficulties. Several challenges We find ourselves in a world fraught with challenges. Global growth requires new drivers, development needs to be more inclusive and balanced, and the gap between the rich and the poor needs to be narrowed. Hotspots in some regions are causing instability and terrorism is rampant. Deficit in peace, development and governance poses a daunting challenge to mankind. This is the issue that has always been on my mind… Speech at the Opening of Belt and Road Forum, 15 May 2017 Globalisation not to blame Many of the problems troubling the world are not caused by economic globalisation. For instance, the refugee waves from the Middle East and North Africa in recent years have become a global concern. Several million people have been displaced, and some small children lost their lives while crossing the rough sea. This is indeed heartbreaking. It is war, conflict and regional turbulence that have created this problem, and its solution lies in making peace, promoting reconciliation and restoring stability. The international financial crisis is another example. It is not an inevitable outcome of economic globalisation; rather, it is the consequence of excessive chase of profit by financial capital and grave failure of financial regulation. Just blaming economic globalisation for the world’s problems is inconsistent with reality, and it will not help solve the problems. From the historical perspective, economic globalisation resulted from growing social productivity, and is a natural outcome of scientific and technological progress, not something created by any individuals or any countries. Economic globalisation has powered global growth and facilitated movement of goods and capital, advances in science, technology and civilisation, and interactions among peoples. But we should also recognise that economic globalisation is a double-edged sword. When the global economy is under downward pressure, it is hard to make the cake of global economy bigger. It may even shrink, which will strain the relations between growth and distribution, between capital and labour, and between efficiency and equity. Both developed and developing countries have felt the punch. Voices against globalisation have laid bare pitfalls in the process of economic globalisation that we need to take seriously … Keynote speech at the World Economic Forum, 17 January 2017. G20 12 G20 Germany: The Hamburg Summit • July 2017

Leader’s view LEADER’S VIEW Our presidency will ask three questions Argentina is honoured to host the first G20 summit ever to take place in South America, writes Mauricio Macri Mauricio Macri President, Argentina In 2018 the world will bear witness to the first G20 summit ever to take place in South America. It is an honour and a great responsibility for Argentina to have been elected to the presidency of the most relevant forum for global economic governance. We know it will be a huge challenge, probably the greatest in Argentine history in terms of foreign policy, but it will also be a one-of-akind opportunity to showcase our views on globalisation and to help build consensus for fair and sustainable development. What is power without fairness? What is development without sustainability? What is dialogue without consensus? These are the questions that will guide us throughout our G20 presidency. We believe the decision to entrust us with this responsibility is a result of the profound change Argentina has gone through during the last year and a half. This new chapter is exciting and inspires trust, it proves that the Argentine people are ready to join the 21st century and are looking towards a better future, integrated with the world. Argentina is building the foundations upon which a reliable, productive and sustainable country is built. This includes macroeconomic stability, a clear set of rules for investment and trade, the most ambitious infrastructure plan in our history, important initiatives in education and social policies, and institutional reforms that will allow us to strengthen our democratic culture. This is why, during our G20 presidency we will work towards a multi-stakeholder and pluralist dialogue, not only among the governments but also with relevant players within civil society, the academic world and the business community. We aim to be the expression of a whole region, not just our country. Latin America has much to offer the world, with its talented population, significant natural resources and as an area of peace and cooperation. The region in general and Argentina in particular have a key role to play in energy provision, human resources and food production for a constantly growing global population, among other areas. We want to present the G20 with the concerns and aspirations of this vibrant and diverse region, including the urgent need to reduce poverty and improve our people’s quality of life. When we meet in Argentina in 2018, it will be 10 years since the first summit in Washington DC. A decade of change that challenges us to think about the evolving role of the G20 in a world marked by globalisation and technological revolution. This anniversary is an invitation to have an open debate on the topics that exert pressure on the most critical issues in the international agenda, from employment and migration to sustainable development and peace. The most recent stage of globalisation has helped millions out of poverty during the last few years. However, the results have not been even and the number of people living in poverty is unacceptably high. We remain in debt with those who suffer inequality and exclusion, with those who are hungry and unable to find a decent job. Are we capable of building an international economic order that is fair and sustainable? Are we capable of shaping globalisation so that it focuses on the people and does not leave anyone behind? Argentina thinks we are and is ready to contribute: we look forward to working alongside the G20 leaders and civil society to address the most pressing challenges shared by all humankind. G20 2 nd Summit 2015 Elected July 2017G20 Germany: The Hamburg Summit 13

G20-2015 Turkey