Many Countries In Europe And The United States Expect China To Boost Its Economic Growth.

< p > twenty the meeting of finance ministers and central bank governors of the group ended in Moscow on 20.

The conference mainly discussed the global a href= "http://sjfzxm.com/news/index_cj.as" > economy < /a > situation, "strong, sustainable, balanced growth framework", international financial architecture reform, investment and financing, financial regulation, international tax cooperation, energy and commodity issues.

Zhou Xiaochuan, governor of the people's Bank of China and Lou Jiwei, Minister of finance, attended the meeting.

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< p > this group of twenty finance ministers and central bankers meeting is the last financial and financial preparatory meeting before the summit of leaders of the group of twenty in 2013.

Therefore, with the publication of the joint communiqu of this conference, the main topics of Finance and finance in G20 leaders summit after one and a half months are gradually clear.

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< p > the meeting held that global economic growth is still in a slump, the foundation for recovery is still not stable, the recovery of major economies is not balanced, and the unemployment rate in many countries remains high.

Recently, the volatility of international financial market is rising, and the financial situation is still not optimistic.

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Under this background, some developed countries have recently withdrawn from the quantitative easing (a href= "http://sjfzxm.com/news/index_q.asp" > monetary policy < /a > plan), resulting in a large number of capital outflow from emerging market countries, currency devaluation and financial market volatility, which have a negative impact on the new market countries and the global economic recovery.

Lou Jiwei, China's finance minister, said that the US side explained the plan to withdraw from the quantitative easing monetary policy at the meeting: "everyone is more worried about the withdrawal policy of the Federal Reserve, especially if it does not communicate well with the market or other member agencies, it will have some negative effects.

In this regard, the United States has also explained that their exit process is very long.

They will try to pay close attention to your concerns. "

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Si Lou Aranoff, Russia's finance minister, under the chairmanship of < p > G20, said at the press conference after the meeting that the finance ministers of various countries reached a consensus on maintaining the loose monetary policy at this stage. Countries will continue to maintain low interest rates to stimulate refinancing.

At the same time, in order to crack down on tax evasion, multinational finance ministers are preparing a concrete plan for heads of state to sign at the upcoming summit of the twenty nations.

Si Lou Aranoff said: "we have signed more than 4000 bilateral agreements to avoid double taxation.

It is now possible to imagine the birth of a unified double taxation agreement signed by all countries.

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< p > in addition, the meeting of the finance ministers and the central bank governors pointed out that the developed countries must ensure financial sustainability and submit credible national medium-term fiscal strategies to the G20 summit in St Petersburg in accordance with the relevant commitments, so as to reduce the debt to GDP ratio to a sustainable level, and to maintain adequate financial flexibility in order to provide support for economic growth and employment.

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Many countries in Europe and the United States have some concerns about the slowdown in China's economic growth at P strong < < conference >. They also hope that China will take positive measures to boost economic growth so as to bring economic recovery to other countries.

In response, Lou Jiwei said: "our economic growth this year, if calculated by GDP, is not as high as last year.

But we have more jobs than last year.

So at this meeting, all the other finance ministers were very worried, and they were also looking forward to whether China's economy could grow faster.

I told them not to think about it.

We feel that our employment is very good and very comfortable.

You have to finish your own homework. "

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< p > Lou Jiwei pointed out that in the first half of this year, there were 7 million 320 thousand new urban jobs in China, an increase of 380 thousand over the same period last year, mainly due to the rapid growth of employment in the service sector.

At the same time, the contribution rate of net exports to China's economic growth in the first half of the year was 0.9%, indicating that China's economic growth was mainly dependent on domestic demand and the economic structure was changing positively.

Lou Jiwei said: "our jobs are good and the service industry is good. We can see that our electricity generation and electricity consumption have increased by about 4%.

But we can see that electricity consumption in the service sector has increased by 8%.

We see that investment is not weak, but we see that investment in the service sector is stronger, which means that vitality is growing.

So on the whole, I am very confident (< a href= "http://sjfzxm.com/news/index_c.asp > Chinese economy < /a >).

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