2016年CRI More opportunites expected from G20

 

Chun Kalim of South Korea's Hoseo University says though G20 is primarily tasked with improving global governance, there is an opportunity that can to exploited to help with economic cooperation between China and South Korea.

"China is the largest developing country, while South Korea has reached most Free Trade Agreements in the world. The China-South Korea FTA is significant not only to themselves, but also to the entire world. The two countries are both export-oriented economies and are both undergoing economic restructuring that requires innovation. The cooperation between their IT, information sectors¹ and in the areas such as new financing and new scitech is vital for South Korea."

The professor suggests the two sides can use the occasion to further promote integration² of their development strategies, namedly China's Belt and Road initiative and South Korea's Eurasian initiative, and enhance cooperation in "third markets."

As the only G20 economy in South Asia, India has sent a delegation³ led by Prime Minister Narendra Modi to the summit.

Surendra Kumar, a consultant⁴ with an Indian investment agency, Cross Border Trade and Investment, expects India and China to make progress in the area of bilateral⁵ investment. 

"We should further enhance cooperation in the G20 and expand mutual⁶ investment. China is a big market. India is a market with great potential. India welcomes Chinese investment and Indian companies are eager to tap into China's market. There is huge potential for our bilateral cooperation in many areas. That can benefit us both and help with our common development."

Among topics of discussion in Hangzhou, is so-called Green Financing that is aimed at offering funds for green, environment-related sectors.

Paulo Nogueira Batista with the BRICS New Development Bank, says this is also what the bank is trying to advance. 

"The BRICS New Development Bank is actually a green bank that keeps a close eye on Green Financing and environmental protection. In the coming five years, it will mainly focus on the development of sustainable infrastructures⁷, such as management of renewable energy and water resources. Thus, the bank is most interested in topics related to sustainable development at this summit."

China placed green financing on the G20 agenda for the first time, to mobilize more investment in environmentally friendly projects.

The G20 has set up a research team on the topic, based on a proposal by China.

For CRI, this is Liu Mohan.

1 sectors   

n.部门( sector的名词复数 )；领域；防御地区；扇形

参考例句：

• Berlin was divided into four sectors after the war. 战后柏林分成了4 个区。 来自《简明英汉词典》
• Industry and agriculture are the two important sectors of the national economy. 工业和农业是国民经济的两个重要部门。 来自《现代汉英综合大词典》

2 integration   

n.一体化，联合，结合

参考例句：

• We are working to bring about closer political integration in the EU.我们正在努力实现欧盟內部更加紧密的政治一体化。
• This was the greatest event in the annals of European integration.这是欧洲统一史上最重大的事件。

3 delegation   

n.代表团；派遣

参考例句：

• The statement of our delegation was singularly appropriate to the occasion.我们代表团的声明非常适合时宜。
• We shall inform you of the date of the delegation's arrival.我们将把代表团到达的日期通知你。

4 consultant   

n.顾问；会诊医师，专科医生

参考例句：

• He is a consultant on law affairs to the mayor.他是市长的一个法律顾问。
• Originally,Gar had agreed to come up as a consultant.原来，加尔只答应来充当我们的顾问。

5 bilateral   

adj.双方的，两边的，两侧的

参考例句：

• They have been negotiating a bilateral trade deal.他们一直在商谈一项双边贸易协定。
• There was a wide gap between the views of the two statesmen on the bilateral cooperation.对双方合作的问题，两位政治家各自所持的看法差距甚大。

6 mutual   

adj.相互的，彼此的；共同的，共有的

参考例句：

• We must pull together for mutual interest.我们必须为相互的利益而通力合作。
• Mutual interests tied us together.相互的利害关系把我们联系在一起。

7 infrastructures   

n.基础设施( infrastructure的名词复数 )；基础结构；行政机构；秘密机构

参考例句：

• Public transportation termini and depots are important infrastructures for a city. 公交场站设施是城市重要的基础设施。 来自互联网
• The increasingly fast urbanization process requires more and more infrastructures. 我国城市化进程不断加快，对城市基础设施的需求也越来越大。 来自互联网