Merkel: G20 to further promote globalization, inclusive growth
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German Chancellor Angela Merkel on Wednesday told the B20 Summit 2017 in Berlin that globalization and inclusive growth are important for the global economy.
Speaking at the G20-related business gathering, Merkel said the world is interconnected and prosperity should be shared.
German Chancellor Angela Merkel holds a final declaration of the Business 20 dialogue event in Berlin, Germany, on May 3, 2017. /Reuters Photo

German Chancellor Angela Merkel holds a final declaration of the Business 20 dialogue event in Berlin, Germany, on May 3, 2017. /Reuters Photo

She emphasized that a shared mechanism that can enable all countries to benefit from globalization and to restrict risks attached needs to be created.
Merkel assured Germany, the host of the Group of 20 (G20) Summit 2017, would be committed to further promoting globalization and a strong, sustainable and inclusive economic growth.
Merkel reaffirmed her position against protectionism and isolationism, warning, "Anyone who tries to withdraw from international competition can perhaps deliver short-term advantages. But over the medium- and long-term, their own capacity to innovate will be weakened."
Chinese President Xi Jinping and other leaders of the Group of 20 (G20) members, some guest countries and international organizations ahead of the opening ceremony of the G20 Summit in Hangzhou, capital of east China's Zhejiang Province, on September 4, 2016. /Xinhua Photo

Chinese President Xi Jinping and other leaders of the Group of 20 (G20) members, some guest countries and international organizations ahead of the opening ceremony of the G20 Summit in Hangzhou, capital of east China's Zhejiang Province, on September 4, 2016. /Xinhua Photo

She said China's hosting of the G20 Summit 2016 was a great success and offered good experience to Germany.
But she also pointed to the difficulty of making progress in the G20.
"We are 20 different countries, with 20 different political systems, with 20 different development levels," said Merkel. "This is no simple task (to get things approved)."
She even said that sometimes holding on to what has been achieved is already a success, while some countries are reluctant to revisit previous statements on climate change and trade.
(Source: Xinhua)
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