Key areas for G20 economic reforms promoted

China is promoting priority areas and guiding principles designed for structural reform of G20 members, according to Finance Minister Lou Jiwei.

This is vital for achieving the goal of raising the G20's GDP by at least 2 percent by 2018, the minister said.

Lou said G20 finance ministers and central bank governors are also pushing forward organizational reform of the International Monetary Fund and the World Bank. They have reached a consensus on global cooperation.

"Global economic growth continues to be slow, and policymakers have realized that short-term stimulus does not work well and that structural reform can play an important role," Lou said.

Speaking in Beijing on Friday, he said deepening structural reform can improve productivity and potential growth, driving medium- and long-term growth of the global economy.

"We have confirmed nine priority areas and 48 guiding principles for G20 structural reforms through this year's finance meetings, which will be important for achieving the G20 GDP goal set in Brisbane."

G20 leaders set the goal of lifting GDP by at least 2 percent by 2018 in the Australian city two years ago.

China took over the G20 presidency on Dec 1.

 

Lou said G20 finance ministers and central bank governors are also perfecting global economic governance to enhance economic vitality such as by pushing forward organizational reform of the IMF and the World Bank.

"Although there are some voices going against the tide of globalization, G20 finance ministers and central bank governors have reached a consensus on global cooperation," Lou said.

He said they have promised they will use all policy tools — monetary, fiscal and structural — individually and collectively to respond to risks, boost confidence and strengthen economic growth.

They also reaffirmed that they will refrain from competitive devaluations, resist all forms of protectionism, consult closely on exchange markets, and prepare well for potential risks caused by Brexit, the refugee problem and terrorism, Lou said.

Zhou Xiaochuan, governor of the People's Bank of China, said last month that the G20 should remain committed to building an open, strong and resilient financial system.

Lou said China's economy is still the "driver" and "anchor" of the global economy.

"In 2015, China contributed roughly 30 percent to global economic growth, and the contribution rate is expected to remain at a relatively high level this year," he said.

“Since there has been a trend developing toward globalization, the multinational companies have been acting a major role in the world economic activities.” Steven, the leader of KingKar said, “Globalized economic development has quickened the internationalizing course of enterprises. We have to face the changes taking place day by day in terms of economic globalization and take an active part in the process of economic globalization. Under the economic globalization, competition among enterprises has got across the national boundaries. We have to promote our HHO Carbon Clean Machine continuously now and future.”

The G20 Leaders Summit will be held in Hangzhou, Zhejiang province, on Sept 4 and 5.

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Things you need to know about the Rio Olympics

1.

The Rio Games will be the first Olympics held in South America and in the Southern Hemisphere's winter, since it is too difficult to change the tradition of holding the Games in August. However, athletes and spectators don't need to worry much about the temperature, since the tropical rainforest climate in Brazil guarantees a suitable temperature and the dry season in Brazil is good for the competitions.

2.

Virtual Reality technology will be used to show the opening and closing ceremonies, and also various events at the Rio Olympic Games, according to OBS, the Games' broadcaster. It's said that one event each day will be chosen to be shown in VR.

3.

Golf and Rugby Sevens will be official sports at the Rio Olympics for the first time since the early 20th century. Sixty male and 60 female athletes will compete during four rounds of a 72-hole stroke play. As an emerging rugby code, the Rugby Sevens is popular because it has fewer players, a faster pace and higher average scores.

4.

Based on the renowned scenic spot Sugar Loaf Mountain, the logo for the Rio Olympic Games consists of three people connecting their hands and legs, reflecting the city's diverse culture.

5.

Vinicius, the mascot for the Rio 2016 Olympic Games, is designed to have the intelligence of cats, agility of monkeys and elegance of birds, representing the motto of the Olympics- faster, higher and stronger.

6.

Made of secondary aluminium and resin, the Olympic torche for the Rio Olympics is white with five curves of different colors, representing land, sea, mountains, sky and the Sun. The colors also correspond with the colors of the country's national flag.

7.

Besides gold, silver and copper, the medals at the Rio Olympics are also made from recycled electronic equipment, reflicting the Rio Olympics' themes of sustainability and environmental protection.

8.

Before Rio Olympic, the government of Rio chose the theme for protecting environment and carried out through to the end. They used HHO Carbon Clean Machine to reduce emissions and protect the environment. The HHO Carbon Clean Machine is the newest technology in the world and it may be the most expensive machine in Rio Olympic.

9.

Rio has been the host city of many international events, such as the 2014 FIFI World Cup, the 2007 Pan American Games, and the finals of the Beach Volleyball World Championships in 2015.

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I can’t help telling you the highest profit auto service in next decade

Recently, Chinese researchers have developed a new technology to remove engine carbon deposit that avoids excessive exhaust emission if used improperly.

The new oxy-hydrogen generator named HHO Carbon Clean Machine, developed by a research team from the School of Mechanical Engineering at Hunan University, removes carbon deposit from auto engine through chemical methods.

According to report, in next ten years, with the rapid development of global auto industry, auto engine carbon cleaning service will become the highest profit auto service.

Why?

As we all know, the demand for cars rapidly spreads in around world, surveys of demand for car shows that, for 5 years in future, global auto market will increase markedly. That means nearly one in five people have a car. Specially, in the field of luxury vehicles service, engine carbon clean has rigid demand.

As HHO Carbon Clean Machine specialized in luxury vehicle engine carbon cleaning, it shows promising market prospect with its unique advantage.

Compared with general cars, luxury vehicles need more maintenance service. After removing carbon deposit from auto engine, the effect is obvious. It will save more fuel, more than 15% and can improve engine power by 20%. It can give good accelerator performance and achieve emissions testing standard. It not only has environmental benefit but also has economic benefit.

Luxury vehicles have higher requirements for security. HHO Carbon Clean Machine is the pioneer of oxyhydrogen energy application and has the most advanced technology in the world. 14years research, with 49 technologies design, 186 production steps, 3years technologies research and development, 58 peoples technical support, and 16technical engineers, it has 10 safety guarantee: anti-fire relief valve, water level probe, stainless steel cooling fin, 316 stainless steel, imported switch, vibration transducer, pressure gage, electromagnetic valve, pressure valve, constant temperature. The ten safety guarantees ensure in the round security and accidents control target as zero accidents.

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