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by Hou Lijun

ANTALYA Cheap Pepe Jersey , Turkey, Nov. 15 (Xinhua) -- As impacts of the international financial crisis are lingering, Chinese President Xi Jinping said Sunday on the Group of 20 (G20) summit that targeted medicine for sluggish growth must be prescribed.

In a speech entitled "Innovative Growth That Benefits All," the Chinese leader pointed out that the G20 Cheap Nacho Fernandez Jersey , a main forum for global economic and financial cooperation, should work to maintain a stable economic growth in the short term, while seeking to inject new impetus into the world economy in the long term.

Xi's proposals for boosting global growth through effective measures as well as China's endeavors to deepen reform and build an open economy have also been recognized by overseas experts.

WTO) Doha trade negotiations that stumbled because complex issues could not be resolved, nations are now forming regional trade blocks Cheap Mateo Kovacic Jersey , which are politically charged.

"Regional trade deals are potentially overlapping trade routes, and that leads to trade diversion rather than trade creation," said Sainsbury.

Xi said the G20 members should ensure that regional free trade arrangements serve as a useful complement to multilateral trading regime, rather than create new obstacles.


After 30-plus years of fast growth Cheap Mariano Diaz Jersey , China also experiences a slowdown, which has stirred speculations that China's economy will come to a halt and may drag global rehabilitation down.

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The Chinese economy is predicted to grow about 7 percent this year, which will continue to contribute as high as about one third to the global growth Cheap Marcos Llorente Jersey , he said.

Yuksel Gormez, a senior economist with Central Bank of Turkey, told Xinhua that the world should read China's economic numbers in a correct way. He said the growth in China is continuing in volume terms, but dipping in percentage terms.

"When China becomes a 20-trillion dollar economy Cheap Marco Asensio Jersey , even a five-percent growth will create one trillion dollars of net value in one year," he said. "Can you say China is not growing?"

Xi admitted that China has come to a crucial point when it must adjust the growth pattern and structure of the Chinese economy.

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