Baghdad follow up the morning
increasing economic mobility in the world these days to deliberate on the problems caused by the serious challenges and continued pressure on global economic activity, especially since oil prices fell to below $ 40 for the first time since 2009. The Group of Twenty summit concluded yesterday and today opens Economic Cooperation forum summit of the Asia Pacific (APEC) initially allocated for trade. Leaders of Member States deals with the presence of the US president and the free exchange between the 21 member states, which together account for 57 percent of the global economy and comprises 40 percent of the global population issues. The Chinese president told the leaders of the Group of Twenty countries during their meeting in Turkey that the world urgently needs to find new sources of economic growth. Xi said: that, despite the end of the global financial crisis, the world is witnessing a very weak economic recovery and the need to do more to ensure that a new era of global prosperity. He added that the reform of the governance of the global economy is making slow progress and that the world needs to work together to achieve development and economic cooperation at the international level. He said the leaders of the largest economies of the world that they remain committed to the aim of increasing total output to their countries of two percent by 2018 even if growth remains uneven and weaker than expected globally. The Chinese president announced Beijing's ability to achieve economic growth of medium to high levels of predicted growth of about seven percent this year, but it will be the weakest in 25 years. China's economy grew the second largest economy in the world 6.9 percent in the third quarter of the year, recording the weakest pace of annual growth since the global financial crisis, partly because of slowing investments. That prompted the People's Bank (the central bank) to cut interest rates for the sixth time in about a year.
Xi said: The Group of Twenty summit in 2016 which will be held in Hangzhou in eastern China will focus on reform and innovation and improving global economic and financial governance and strengthen the presence of emerging markets and developing countries .
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