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A change in perspective needed

By Fan Yongming and Shen Chen | China Daily | Updated: 2013-09-04 07:31

G20 leaders need to switch focus from developed countries to promote economic recovery and global governance reform

Four issues will be in the spotlight at the upcoming G20 summit in St. Petersburg, Russia: boosting confidence in global economic growth, promoting reform of global governance, increasing unity and cooperation among developing countries, and evaluating China's economic growth trend.

The G20 emerged in response to the unprecedented 2008 international financial crisis, with its top priority promoting global economic growth. Over the years, thanks to the United States' fiscal cliff and the debt crisis in Europe, the G20 has paid more attention to economic recovery in developed countries. However, at this summit, the focus should switch from the developed world to developing countries, especially to emerging economies.

A change in perspective needed

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