(G20 Summit) Chinese President said that G20 will explore long-term growth potential – Xinhua

HANGZHOU, Sept. 5 (Xinhua) – The leaders of the major economies of the Group of 20 (G20) agreed to use multiple policy tools such as tax reform, monetary and structural to avoid short-term risks and explore the growth potential in the medium and long term, said today the Chinese president, Xi Jinping, at a press conference.

the G20 must work together to coordinate their macro policies more closely and implement the Plan of Action Hangzhou, Xi told reporters after the conclusion of the XI Summit of G20 in the city of Hangzhou, eastern China.

These policies should not only expand aggregate demand but also improve the quality of supply Xi said

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the G20 is determined to indicate the direction and pave the way for the world economy, Xi said, adding that given the current risks and economic challenges, maintaining a peaceful international environment and stable is paramount.

“we are confident that through the joint efforts of all parties, we can bring the world economy back to a path of strong, sustainable, balanced and inclusive growth,” said Xi .