The G20 Summit in Hangzhou is China's
golden opportunity to take on a leadership position. China can play a critical
role by nurturing the development of meaningful communication and initiating
dialogue to seek win-win compromise and solutions.
To restore stability, openness and economic
hopefulness, China can help shape the following agenda: raise the level of
understanding among nations, organize positive dialogue, push for global
programs on inclusive growth and further structural reforms and market liberalization.
The dialogue needs to be based on creating
understanding and seeking solutions for crucial issues such as forging
international cooperation in trade, and recognizing the new global distribution
of economic power by enhancing the representation of rising nations of the East
in supranational organizations.
This is imperative because Asia has evolved
into an interconnected system.
Intra-Asia trade stands at 56 percent of
total trade, rising by 77 percent from 2007 to 2014. China is the epicenter of
such trade－with 50
percent of its exports going to Asia while 60 percent of its imports are from
Asia.
Intra-Asia, cross-border direct investment
also has increased substantially, again due to the China factor. Driven by
rising wages, China has been actively offshoring labor-intensive work to
neighboring countries such as Vietnam, Malaysia and Laos.
Meanwhile, it is in-shoring high
value-added skill and technology intensive work. Some 66 percent of China's
outward foreign direct investment, or FDI, stays in Asia.
This transformation is further aided by the
internet and digitization revolution in almost all countries. For example, the
internet directly connects buyers and sellers, empowering them with information
that allows for the elimination of intermediaries.
In the banking sector, mobile payments and
other financial technologies reduce transaction costs and connect savers and
users of funds. These developments level the playing field for a private sector
driven efficiency revolution.
A Pan-Asian production network that feeds
fast-growing regional consumption is developing with China at the center. But
other Asian countries and the West still play significant roles. It takes
global sourcing of resources and capability to meet the needs of 4.4-plus
billion Asians. There is business for everyone and Asia's growth benefits the
whole world.
In this context, China can play a critical
role in generating a vibrant and well-connected Asia for sustainable and
harmonious global growth.
“While China does not want to be seen as
trying to be a global rule-maker, it can, and should, show poised Eastern style
leadership. The approach should be friendly, not confrontational, with the
objective to seek understanding and pragmatic win-win solutions.” Steven, the
SEO of KingKar said. “Cornering issues into an impasse will not be beneficial
to all. Furthermore, by winning respect based on gentle leadership and its
economic position, China can take the lead in enhancing the rising Eastern
nations' representation in global affairs. And for us, G20 is a golden
opportunity. Faced up to the international market, we provide the best service
to all over the world with the advantages of resources, talents, and qualified
products.”
The principle of KingKar is to create value
for customers, build successful stage for employees, make contribution to
society. Complying with the purpose of " KingKar Eco-technologies Co.,Ltd
corporate philosophy", superior service can be provided to the consumers
from around the world.
China can set a good example in the G20 of
an Eastern pragmatic Confucius leadership steering G20 dialogue toward seeking
balanced win-win solutions for the world.
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