G20 Leaders to Tout Competing Ideas on Recovery

TV/Radio Broadcast NewsHour with Jim Lehrer
Summary
China wants to look like a leader at the G20 summit by highlighting the extent of its stimulus package ($586 billion) as well as the relative health of its financial system.
Related Media and Tools
 

This week's G20 meeting convenes twenty countries that account for more than 85% of world economic output.  There are clear disagreements between the United States and its European counterparts on how to move the world economy past today's crisis.  To shed light on those disagreements and their implications, Minxin Pei joined Thomas Kleine-Brockhoff, senior director for policy programs at the German Marshall Fund, and Martin Wolf, associate editor and chief economics commentator at the Financial Times, on the NewsHour with Jim Lehrer.

Pei argued that China wants to look like a leader at the summit by highlighting the extent of its stimulus package ($586 billion) as well as the relative health of its financial system.  It worries that its long-term interests will suffer if the United States continues to print money.  At the same, time, however, it does not want to take the lead in opposing American positions, so it will most likely serve as an intermediary between the Europeans and Americans lest anyone think that China is overreaching.  Pei also noted that China feels "let down" by the United States because it has attempted, for the last 20 or 30 years, to emulate an economic system whose intellectual foundations have now collapsed. 


End of document
Source http://carnegieendowment.org/2009/04/01/g20-leaders-to-tout-competing-ideas-on-recovery/2d7s

More from The Global Think Tank

Eurasia Outlook

In Fact

 

45%

of the Chinese general public

believe their country should share a global leadership role.

30%

of Indian parliamentarians

have criminal cases pending against them.

140

charter schools in the United States

are linked to Turkey’s Gülen movement.

2.5–5

thousand tons of chemical weapons

are in North Korea’s possession.

92%

of import tariffs

among Chile, Colombia, Mexico, and Peru have been eliminated.

$2.34

trillion a year

is unaccounted for in official Chinese income statistics.

37%

of GDP in oil-exporting Arab countries

comes from the mining sector.

72%

of Europeans and Turks

are opposed to intervention in Syria.

90%

of Russian exports to China

are hydrocarbons; machinery accounts for less than 1%.

13%

of undiscovered oil

is in the Arctic.

17

U.S. government shutdowns

occurred between 1976 and 1996.

40%

of Ukrainians

want an “international economic union” with the EU.

120

million electric bicycles

are used in Chinese cities.

60–70%

of the world’s energy supply

is consumed by cities.

58%

of today’s oils

require unconventional extraction techniques.

67%

of the world's population

will reside in cities by 2050.

50%

of Syria’s population

is expected to be displaced by the end of 2013.

18%

of the U.S. economy

is consumed by healthcare.

81%

of Brazilian protesters

learned about a massive rally via Facebook or Twitter.

32

million cases pending

in India’s judicial system.

1 in 3

Syrians

now needs urgent assistance.

370

political parties

contested India’s last national elections.

70%

of Egypt's labor force

works in the private sector.

70%

of oil consumed in the United States

is for the transportation sector.

20%

of Chechnya’s pre-1994 population

has fled to different parts of the world.

58%

of oil consumed in China

was from foreign sources in 2012.

$536

billion in goods and services

traded between the United States and China in 2012.

$100

billion in foreign investment and oil revenue

have been lost by Iran because of its nuclear program.

4700%

increase in China’s GDP per capita

between 1972 and today.

$11

billion have been spent

to complete the Bushehr nuclear reactor in Iran.

2%

of Iran’s electricity needs

is all the Bushehr nuclear reactor provides.

78

journalists

were imprisoned in Turkey as of August 2012 according to the OSCE.

Stay in the Know

Enter your email address in the field below to receive the latest Carnegie analysis in your inbox!

Personal Information
 
 
Carnegie Europe
 
Carnegie Europe Rue du Congrès, 15 1000 Brussels, Belgium Phone: +32 2 735 56 50 Fax: +32 2736 6222
Please note...

You are leaving the Carnegie–Tsinghua Center for Global Policy's website and entering another Carnegie global site.

请注意...

您离开卡内基 - 清华全球政策中心网站,进入另一个卡内基全球网站。