Many have realized the importance of the real sector of the economy, but Russia

 The stable growth of China is making a major contribution to the world
Against the background of strengthening of the debt crisis in Europe, in many unstable factors of global economic recovery, has once again attracted public attention 7th meeting of heads of the "Group of 20". As the countries that comprise 87% of the total world economy, the leaders of 20 countries, mainly discuss issues related to promoting the stability of the global financial system, as well as how to achieve positive results, while maintaining growth and promoting sustainable development. As an important economic tool in the world, China for its actions and activities attracted more attention. In terms of weaker growth in major economies, China continues to support a stable performance, makes an important contribution to the global economy, accelerated the recovery of the world, and also gives confidence to other countries.
Stable growth - the difficulty of the world economy

Despite the fact that the election results in Greece temporarily eased concerns of the international financial market on the withdrawal from the euro area, providing some favorable factors for the summit of the "Group 20", with the beginning of the debt crisis in Europe, the world economy is still unable to get out of recession , still a lack of aggregate demand in the world, there is a slight increase in the major economies.
"The three pillars of Western economies have their own problems." Research Fellow of Chinese Institute of International Studies Qu Xing believes that the debt ratio in the U.S. reached 100%, U.S. strategists are already thinking about the third round of "quantitative easing", which promotes the transcription of the crisis, the global economy will certainly be under the influence. However, it is difficult to eliminate the difficulties and contradictions between the sovereign and the financial sector of the euro zone single currency, the most notable are the differences between budget cuts and stimulating the economy. In addition, the election also caused changes in many countries, measures of economic governance in the euro area can not be implemented. Simultaneously, the ratio of public debt in Japan has exceeded 200%, occurred in the past year, natural disasters have resulted in a nuclear pollution, exacerbated the situation in the country for economic recovery takes time.
In addition, the International Monetary Fund forecasts that in 2012 global economic growth will amount to only 3.5%, which is 0.3 percentage points lower than in 2011. At the present time, "sustainable growth" was the main difficulty of the world economy. In this regard, the Deputy Center for International Economic Exchange of the PRC Ministry of Information Huntsay Xu said that now the "Group 20" is considering the resolution of the debt crisis in Europe, the stabilization of economic growth as the overall goals of the world, as well as the principal contradiction in today's global economy.
Global economic recovery is not complete without China
Against the backdrop of slow global economic recovery, as well as problems associated with "steady growth", according to deputy chairman of the Financial and Economic Committee of National People's Congress Ken Ho, all phenomena are due to the fact that the found new growth points. This is a long-term factor that affects economic growth. In the past 100-200 years economic growth has experienced three periods: the industrial revolution, the era of electrical and information age. Some features of the information age has become less visible, the U.S. and Europe are looking for technologies to stimulate economic growth, so the global economic recovery may not be fast. In addition, after the global financial crisis the country realized the importance of the real economy and the need to reduce imports and increase exports. States understand that the need to develop their own products instead of imports from developing countries, but it is impossible to achieve in a short period of time, so do not expect a rapid recovery in the global economy.
China - an important part of the global economy. Despite the impact of the international crisis, as well as the weakening economic growth in the first quarter of this year, China's GDP growth was 8.1%, the share of current account surplus declined to 1.4%, which was an important contribution to the global economic recovery and growth.
"China - the second economy in the world, numerous economic changes will impact on imports, forcing a rather large, in particular the influence may be exerted on the economic recovery of the U.S. and Europe." Huntsay Xu said at a joint struggle with the financial crisis in 2009, the contribution of China's GDP growth in the world was 50%, this means that China has become the mechanism and the motor of the global economy.
It is unrealistic to believe that China will fill the gaps in global demand
Despite the fact that the tired face of rising markets in China now lead to recovery of the global economy, relying only on China not to support global economic growth. "It is unrealistic to believe that China will fill the gaps in global demand." The chief economist at HSBC bank in China Qu Hongbin said that the biggest contribution to China as the second of the economic structure of the world into the global economy is to maintain stable domestic demand and economic growth. This is not only beneficial to China, but also on global economic recovery.
Deputy Minister of Foreign Affairs of China Cui said that China always adheres to a responsible position in relation to the international community. China has the opportunity, however, the country should be responsible. China seriously fulfills all obligations. However, the responsibility that China does not correspond to the right to vote in the Chinese system of global economic governance and decision-making process. He said: "The rights and obligations must be equal, we have made a great contribution, but our share in international financial organizations, including the IMF, do not reflect our economic strength and contribution."
"The general consensus of the member countries of the" Group 20 "is the need for change within the international financial system, and the starting point for change should be to increase voice and representation rising markets and developing countries in this system." Xu Huntsay noted that the current conflicts are concentrated in the "domination" of the U.S. and Europe in this regard, it is necessary to promote changes in the management of the IMF. China, on the one hand, hopes that the West will provide more votes and shares in the international financial system, on the other hand, intends to increase the number of Chinese leaders in it.
In addition, Xu Huntsay noted that the Special Drawing Rights should also be reformed to regulate and increase the scope of their application. It is necessary that the yuan and the currencies of other developing countries included in the currency basket of special drawing rights, so it will be possible to decentralize the risk of excessive dependence on international reserve currencies, the euro or the dollar, it will benefit the whole world.Source