The Only Sure Conclusion About the G-20 Summit

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The Only Sure Conclusion About the G-20 Summit
Finance Ministers and Central Bank Governors of the 20 most developed economies at the G20 Finance Ministers and Central Bank Governors meeting in Chengdu, China, on July 24. Ng Han Guan-Pool/Getty Images
Valentin Schmid
Updated:

The G-20 summit in China came and went with the usual pompous statements at the end:

“The communiqué reiterates the essential role of structural reforms in boosting productivity and output, as well as in promoting growth in G-20 countries. The choice and design of structural reforms are consistent with countries’ specific economic conditions,” the People’s Daily sums up one of the points on the agenda.

The other points where the G-20 reached some kind of consensus were trade, anti-corruption, financial reform, investment, industrialization, entrepreneurship, climate change, innovative growth, and development.

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Valentin Schmid
Valentin Schmid
Author
Valentin Schmid is a former business editor for the Epoch Times. His areas of expertise include global macroeconomic trends and financial markets, China, and Bitcoin. Before joining the paper in 2012, he worked as a portfolio manager for BNP Paribas in Amsterdam, London, Paris, and Hong Kong.
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