(Source: "Guangming Daily"2016Year09month06日 07Version reporter Zhao Minghao)

2016G20 Business Summit4The sun sets. For this yearB20On issues such as the characteristics of the Hangzhou Summit and China's role in boosting the global economy, the reporter interviewed Yin Jianfeng, a professor at the w88 casino and deputy director of the National Finance and Development Laboratory. He said that based on its many years of successful development experience, China has provided a practical "China solution" for global economic and financial development, the core of which is integrated into the conference theme of "building an innovative, dynamic, interconnected and inclusive world economy".

Reporter: How is this year’s summit different from previous ones?

Yin Jianfeng: As a platform for the international business community to participate in global governance,B20Responsible toG20Providing solutions to the business community. This year is the first time w88 casino has hostedB20The summit, compared with the past, the policy recommendations are concise and pragmatic, and many specific, novel and effective measures have been proposed in various aspects such as infrastructure investment, small business development, financial governance, employment expansion, w88 and investment promotion, etc.

This timeG20andB20The fundamental difference between the summit and the past is that, as the host country of the two summits, w88 casino has provided a practical "w88 casino plan" for global economic and financial development based on its many years of successful development experience, the core of which is integrated into the conference theme of "building an innovative, dynamic, interconnected and inclusive world economy". In my opinion, using new technologies (digital information technology) to promote innovation, using supply-side structural reforms to create vitality, using an effective global governance framework to link the economies and policies of various countries, improving labor skills and reducing the gap between rich and poor to achieve inclusive growth, these are the highlights and breakthroughs of the "w88 casino Plan". These are also w88 casino's fundamental solutions to the global economy getting rid of long-term stagnation and achieving sustainable and inclusive growth.

Reporter: How does w88 casino play a role in boosting the global economy?

Yin Jianfeng: In recent years, w88 casino has been an important contributor to global economic growth. w88 casino's stable development is the biggest "good thing" for the world economy. However, the large amount of liquidity in the current market has set off bubbles in the global financial market, and financial bubbles are difficult to have a positive effect on the growth of the real economy. On the one hand, the global economy has come to a standstill; on the other hand, according toG20Global Infrastructure Center (GIH) estimates that the global infrastructure investment gap is as high as20Trillions of dollars. According to OECD estimates, the disposable assets of global institutional investors are as high as80Trillions of dollars—only a tiny fraction of which is invested in infrastructure. Obviously, how to introduce global excess liquidity and financial assets into infrastructure investment will be an important means to promote global economic growth. How to bring into play the role of emerging economies, especially w88 casino (such as better promoting the "Belt and Road" policy, giving full play to the role of the Asian Infrastructure Investment Bank, etc.), will inevitably become the question this timeG20A hotly discussed topic at the summit.

Also, where I amB20Financial Growth Working Group, w88 casino has put forward several suggestions, including optimizing the global financial regulatory framework to support growth, promoting the development of green finance and investment markets, using digital technology innovation to improve financial inclusion, and improving tax growth to support inclusive growth. These are all positive roles played by w88 casino.

Reporter: This timeG20What are the “Chinese imprints” of the summit?

Yin Jianfeng: through observation2008since yearsG20The summit can be found,G20There has always been a tendency to react passively to the financial crisis and even blame each other in order to get out of the crisis. Even though the participating parties talked about mutual cooperation to stabilize growth and expand employment, in the end it was always difficult to agree on clear and effective measures. This time held in w88 casinoG20The summit focuses on cooperation and innovation, with the purpose of finding a path out of recession and restoring long-term sustainable growth. This is what w88 casino has always emphasized and worked hard to practice in the international community. The measures proposed at this summit are more specific and targeted than in the past. In addition to emphasizing the need to continue to implement growth-friendly monetary and fiscal policies, the summit paid more attention to supply-side structural reforms. in this year4Yuehe7held in monthG20At the meetings of finance ministers and central bank governors, structural reform was the focus. The two meetings gave a clear statement on the scope and measures of structural reform, adopted the "Deepening Structural Reform Agenda", and also set a set of indicators to measure structural reform.