An economics expert from Italy has stressed the importance of China's role in promoting global economic growth in view of the upcoming G20 summit to be hosted by China for the first time, from Sept. 4 to 5, in Hangzhou, the Xinhua News Agency reported.
Alessia Amighini, adjoint professor of International Economics at the Catholic University of Milan, pointed out that China has been very active in its preparation for the G20 summit.
"China organized a lot of meetings, cooperated with its successor the German presidency. G20 is a very important forum because it brings together G8 countries and the most important emerging countries," the professor said.
Amighini, who is also an assistant professor of Economics at the University of Eastern Piedmont and senior associate at the Institute for International Political Studies, added that the G20 would help promote discussions since it is also a simple forum without too much bureaucracy.
The Italian expert also stressed the very important role that the Chinese economy plays in the current complex global economy.
"China's growth helps other countries' growth. For instance, Germany sells part of its production to the Chinese market. This helps also the European economy because everything in this world is interconnected," Amighini explained.
The professor also observed measures on both the demand and supply side should be enacted by countries to boost growth.
"On the demand side, it would be important to boost consumer confidence. It is important to increase salaries but this is difficult due to stationary productivity," she added.
On the supply side, she said that obstacles to international trade must be removed. "It is important to facilitate exchanges, reduce trade costs and to improve logistic infrastructure. It is also very important to reduce protectionism," Amighini added.
Amighini joined the Think 20 Summit, a preparatory meeting for the G20, held last month. During the meeting, experts gave their suggestions on how to build new global relationships.