Cai Fang, vice-president of the Chinese Academy of Social Sciences.(Photo provided to China Daily)
Vice-President spells out his vision for global governance and the role of Chinese think tanks
Editor's note: During the T20 Summit in Beijing, Cai Fang, vice-president of the Chinese Academy of Social Sciences, shared his expectations for both the T20 and G20 summits and discussed the future of Chinese think tanks with China Daily reporter.
What do you think of the "4I" theme of the upcoming G20 Summit in Hangzhou this September and what are your expectations for the event?
"4I" refers to innovative, invigorated, interconnected and inclusive, which are the key words of the theme of the G20 Leaders' Summit. It reflects China's views on global governance that are based on both the present and the long term.
"4I" focuses on addressing the challenges facing the world economy, through which China hopes to help the world economy achieve inclusive and sustainable development.
"Innovative" means to seek a new growth engine for the world economy via technological progress and systematic innovation; "invigorated" means to enhance global economic vitality and improve national capacities to manage risks through reform of the global governance system; "interconnected" aims to promote coordinated growth of the world economy through international trade and investment; and "inclusive" aims to ensure that the benefits of global economic development are fairly shared among all countries and all peoples around the world.
China hopes that "4I" can shift the G20 from a short-term crisis response mechanism to one that pursues a long-term agenda, in a bid to resolve the long-term risks and challenges the world economy faces.
Through the efforts of China and other members, a series of achievements have been generated at this year's G20 series events. I believe more agreements in more fields will be reached at the upcoming G20 Leaders' Summit. I hope these agreements can be effectively implemented and promote the development of the world economy.
