Against the backdrop of geopolitical turmoil and weak global economic growth, the world is looking forward to this summit that gathers the 20 most important economies in the world, and can find ways to solve difficult problems.

[Text/Observer Network Wang Kaiwen Editor/Feng Xue, Guo Guanghao]

From November 15th to 16th, the 17th Summit of the Leaders of the G20 (G20) was held in Bali, Indonesia. After three years, the leaders of the G20 countries finally gathered offline again.

Against the backdrop of geopolitical turbulent and weak global economic growth, the world is looking forward to this summit that gathers , the world's most important economies, to find ways to solve difficult problems.

China's role in G20 has attracted great attention. Zhang Tengjun, deputy director and associate researcher of the Asia Pacific Research Institute of the China Academy of International Studies, pointed out to Observer.com on the 16th that as China's influence continues to rise, the trend of "governing chaos in the east and west" since the outbreak of the new crown epidemic has become increasingly prominent. The international community generally expects that China can propose the Chinese solution in order to promote global governance and solve a series of challenges facing the world as soon as possible.

It is worth noting that on November 15, following the meeting with US President Biden the day before, President Xi Jinping intensively met with eight foreign leaders who came to attend the summit at Bali . On the 16th, President Xi Jinping met with Indonesian President Joko Widodo , Italian Prime Minister Meloni, and UN Secretary-General Guterres .

Du Lan, deputy director and associate researcher of the Asia Pacific Institute of China Institute of International Studies, said that it is rare for Chinese leaders to meet such intensive bilateral meetings within two days, which also sends a clear signal: whether it is developed or developing countries, China is willing to continue to deepen bilateral friendly relations with it and strengthen mutually beneficial and win-win cooperation. Countries around the world also attach great importance to relations with China and hope to communicate face-to-face with Chinese leaders.

Deputy Director of the World Economics Institute of Shanghai Institute of International Studies Ye Yu believes that the so-called "global democratic alliance" promoted by Biden after taking office is vulnerable in the face of crisis, while China has always emphasized that "development is the top priority." As a summit focusing on international economic coordination and global economic governance, G20 should emphasize more on common development, rather than being led by the "new Cold War" thinking.

On November 13th local time, there was a huge welcome poster hanging on the streets of Bali, Indonesia, with a strong atmosphere. Source: Visual China

"China Solution" unveiled at G20

The theme of this G20 Summit is "Common Recovery, Strong Recovery". Indonesian President Joko Widodo said at the opening ceremony that in the current difficult situation, he hopes that the G20 will help promote an inclusive recovery of the global economy.

Zhang Tengjun said that against the backdrop of the sharp deterioration of the global political, economic and security situation, the leadership role of the G20 is becoming increasingly prominent. The attendance of Chinese leaders is the biggest highlight of this G20 summit, fully reflecting that China's "weight" in the G20 is becoming heavier. On the one hand, China's national strength and influence continue to rise, while The influence of in the Western world continues to decline, and "the east rises and the west falls" has become an unstoppable momentum. On the other hand, the superposition of many global crises in highlights the failure and slowdown in global governance. The root cause lies in the lack of Western leadership. The international community generally expects China to guide the correct direction, inject strong momentum, and contribute Chinese strength to promote to solve global challenges.

He mentioned that Asia has shown a counter-trend growth trend since the outbreak of the new crown epidemic and has become the engine of global economic growth, while China is the main locomotive of Asian economic growth.

"At this time, the international community is increasingly hoping that China can show the responsibility of a major country on an important multilateral stage like the G20, play a leading role, and lead the world out of the epidemic crisis as soon as possible and towards post-epidemic recovery."

On the eve of this G20 summit, the Chinese and US dollar heads held their first face-to-face meeting in three years. Zhang Tengjun pointed out that the meeting between China and the United States is very timely and important. Under the current environment, the international community is very concerned about whether China and the United States, as two major powers, can work together to meet challenges, and achieve "collective recovery and strong recovery."

"When the leaders of China and the United States sat down, started dialogue and coordinated on this series of issues, and reached many important consensuses, this obviously sent a firm signal to the international community, that is, Sino-US relations is not the zero-sum game game that you win or lose, nor is it the 'new Cold War' that some people in the United States are vigorously promoting, but a community of shared future for unity, cooperation and overcome difficulties together."

Ye Yu believes that since the outbreak of the new crown epidemic, it has been difficult for leaders of various countries to meet offline, which will lead to further deepening of the original misunderstanding and contradictions. This G20 summit can be called an "icic breaking journey."

In addition, the epidemic seems to have eased at the moment, but looking around the world, both geopolitical and economic are in a more severe crisis. Ye Yu said that as the world's second largest economy, China's own economic stability and its role in the recovery of the world economy of has attracted much attention from the outside world. On issues such as the Russian-Ukrainian conflict, the world is also paying more and more attention to China's coordinated role as a third party.

On November 15th local time, the 17th G20 Leaders' Summit was held in Bali, Indonesia, and President Xi Jinping entered the venue. Photo source: Xinhua News Agency

On November 15th local time, President Xi Jinping delivered an important speech entitled "Face the Challenges of the Times and Build a Better Future together" at the G20 Summit, pointing out that G20 members should demonstrate the responsibility of major powers, play a leading role, seek development for all countries, benefit mankind, and progress for the world; we must promote more inclusive, more inclusive and resilient global development.

President Xi Jinping’s speech has received high attention and appreciation from the international community. Spanish Prime Minister Sanchez said that China has always been a stable force in international order . President Xi Jinping advocated unity and cooperation to meet global challenges and promote more inclusive global development at the summit, and he fully agreed.

South African think tank Institute of Race Relations Analyst Gabriel Kraus pointed out in an interview with Xinhua News Agency that President Xi Jinping's proposals such as "to promote more inclusive global development" and "modernization is not a privilege of any country" in his speech, which impressed him. These claims are of great practical significance to African countries. China's global development initiatives have provided important solutions and paths to achieve African countries in solving development problems.

Duran told Observer.com that in his speech, President Xi Jinping responded to the main issues of global concern, and proposed a Chinese solution, and faced global challenges such as the food crisis, the energy crisis, and supply chain crisis, emphasizing that to resolve these problems, all parties need to cooperate together, and firmly oppose the politicization, instrumentalization and weaponization of these issues. What signal does intensive bilateral meetings convey?

China is approaching the center of the world stage like never before and plays an increasingly important role in the international stage. At this G20 summit, China once again became the focus of attention, and leaders of various countries have a strong desire to meet face-to-face talks with the heads of state of China.

Following the meeting with US President Biden the day before, from November 15 to 16, President Xi Jinping intensively met with leaders or officials of international organizations who came to attend the summit during the G20 summit, including French President Macron , Dutch Prime Minister Rutte, South African President Ramaphosa , Australian Prime Minister Albany, South Korean President Yoon Seo-yue, Senegalese President Saal, Argentine President Fernandez , Spanish Prime Minister Sanchez, Indonesian President Joko Wido, Italian Prime Minister Meloni, and UN Secretary-General Guterres.

On the afternoon of November 14th local time, President Xi Jinping met with US President Biden in Bali, Indonesia

One of them, some of them met for the first time, such as South Korean President Yoon Seo-yeol and Australian Prime Minister Albanys, both of whom took office in May this year. Some of them met for the second time this year. For example, in February this year, President Xi Jinping met with Argentine President Fernandez who came to China to attend the opening ceremony of the 2022 Winter Olympics in Beijing at the Great Hall of the People.

Duran said that such intensive bilateral meetings within two days are rare, and it also sends a clear signal: whether it is developed or developing countries, China is willing to continue to deepen bilateral friendly relations with it and strengthen mutually beneficial and win-win cooperation. On the other hand, countries around the world also attach great importance to their relations with China. Affected by the epidemic, the G20 summit was held offline for the first time in three years. In addition, with the successful convening of the 20th National Congress of the Communist Party of China, leaders of all countries around the world hope to conduct bilateral face-to-face communication with President Xi Jinping, deepen understanding, give full play to the role of the head of state diplomacy and direction, and promote the development of bilateral relations.

Zhang Tengjun pointed out that the series of meetings during President Xi Jinping's itinerary are very representative: in addition to the United States, there are also Europe, Asia, Oceania , Africa, and Latin American countries, "basically all represent the major countries in these regions."

On the morning of November 15th local time, President Xi Jinping met with French President Macron in Bali

He noticed that during the China-France leaders' meeting, President Xi Jinping and Macron both mentioned the content of insisting on independence and self-reliance. President Xi Jinping pointed out that China, France and China and Europe should adhere to the spirit of independence, autonomy, open cooperation, promote bilateral relations to move forward steadily on the right track, and inject stability and positive energy into the world. Macron mentioned that France upholds independent diplomacy and opposes confrontation.

"China and France have made similar statements on the issue of adhering to independence and independence diplomacy." Zhang Tengjun said, "As a permanent member of the UN Security Council, as an important force in the international community, China and France jointly sent a signal to the international community that all countries should make independent judgments based on the right and wrong of international affairs themselves, and decide their positions and policies based on national interests and the welfare of the people of the world, rather than blindly following other countries and engaging in camp confrontation, and ultimately losing themselves."

Zhang Tengjun specifically mentioned the meeting between President Xi Jinping and Argentine President Fernandez. Fernandez said that Argentina will always be a friend and brother of China and will always support China in safeguarding its sovereignty and territorial integrity. Afghanistan is willing to promote cooperation with China in the fields of economy, trade, finance, etc., promote the construction of the "Belt and Road" and build a community of shared future between Afghanistan and China.

"Argentina is not only a major power in South America, but also a representative of developing countries," Zhang Tengjun said. Fernandez's words were very friendly and friendly, reflecting his mutual respect and mutual support for China and Arab countries in their respective core areas and sensitive issues. This is also a vivid portrayal of the true friendship and sincerity relationship between China and developing countries. Several recent overseas polls show that more and more people in developing countries have positive views on China, which once again shows that developing countries are still China's most firm partners and the most important foundation and reliance on China's diplomacy in the new era.

On the afternoon of November 15th local time, President Xi Jinping met with Argentine President Fernandez in Bali

"An important step to stabilize Australia-China relations"

In the talks with South Korean President Yoon Seo-yeol, President Xi Jinping emphasized that China and South Korea's economies are highly complementary and we must promote the docking of development strategies and achieve common development and prosperity of the two countries. We must accelerate negotiations on bilateral free trade agreements, deepen cooperation in areas such as high-tech manufacturing, big data, and green economy, jointly maintain the international free trade system, ensure the security, stability and smoothness of the global industrial chain supply chain, and oppose the politicization and pan-security of economic cooperation.

According to Yonhap News Agency , the leaders of South Korea and China reached a consensus on the importance of maintaining close communication and strengthening high-level dialogue between the two countries. Yoon Seok-yeol said it is important to expand exchanges among younger generations and gain an in-depth understanding of each other's history and culture.

reported that this is the second meeting between the leaders of the two countries after three years since December 2019, and it is also the first formal talks with President Xi Jinping since Yoon Seo-hyeon took office as South Korea's president.

Reuters noted that the leaders of China and South Korea both agreed to speed up negotiations on the second phase of the bilateral free trade agreement during the talks. According to the Ministry of Commerce in July this year, nine rounds of negotiations on the second phase of the China-South Korea Free Trade Agreement have been held, and substantial progress has been made.

Yonhap News Agency previously cited statistics released by South Korea Trade Association on August 23, last year, South Korea's total exports to China were US$162.913 billion, reaching 162.4 times the US$1.03 billion in 1991 before the establishment of diplomatic relations between South Korea and China. During the same period, South Korea's total export volume increased from US$71.88 billion to US$644.4 billion, a 9-fold increase, and "exports to China can be said to be a geometric increase."

On the afternoon of November 15th local time, President Xi Jinping met with South Korean President Yoon Seo-yeol in Bali and exchanges between Chinese and Australian leaders also attracted particular attention. The last time the Australian Prime Minister and the Chinese President held a formal bilateral meeting was in 2016.

In recent years, China-Australia relations have been in a deadlock due to a series of provocative actions by Australia. In May this year, after the new Australian government came to power, it reopened the communication channels with China. From July to September, the foreign ministers of the two countries held two meetings. On the evening of November 12, Premier Li Keqiang met and talked with Australian Prime Minister Albanys at the invitation during his series of East Asian Cooperation Leaders' Meetings in Phnom Penh, Cambodia.

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Australian National Farmers Federation (NFF) Acting CEO Warwick Ragg said: "(Australian) farmers welcome any measures to restore and improve their entry into the Chinese market, and hope that this week's meeting will make progress in this regard."

President Xi Jinping pointed out when meeting with Albany on the 15th that China-Australian relations have long been at the forefront of China's relations with developed countries and are worth cherishing by both sides. In the past few years, China-Australia relations have encountered difficulties, which we do not want to see. There has never been a fundamental conflict of interests between China and Australia. The two sides have great potential for economic and trade cooperation. I hope that Australia will provide a good business environment for Chinese companies to invest and operate in Australia.

In a statement after the meeting, Albanes pointed out that the meeting with President Xi Jinping "is an important step towards stabilizing Australia-China relations". It is in the common interests of both sides to continue to stabilize and develop the Australia-China comprehensive strategic partnership.

On the afternoon of November 15th local time, President Xi Jinping met with Australian Prime Minister Albany in Bali

"The 'Democratic League' is vulnerable before the crisis, and development is the top priority."

Duran said that under the active interaction between China and the United States, the United States, these American allies, Australia, Japan and South Korea, have also sent some positive signals to China. The rational voices made by these American allies can in turn promote the US thinking about the relationship between China and China, and better understand the importance of controlling Sino-US relations.

Ye Yu believes that the so-called "global democratic alliance" promoted by Biden after taking office is vulnerable in the face of crisis: in the face of inflation governance, the Federal Reserve is too busy to take care of itself, and the exchange rate coordination mechanism within the G7 failed; the Russian-Ukrainian crisis hits the national energy security and its industrial competitiveness of EU ; the US "Inflation Reduction Act" further demonstrates the trade protectionism of , making its trade frictions with Europe open; India has also temporarily withdrawn from the US-led "Indo-Pacific Economic Framework" trade negotiations because of "not seeing the benefits".

"The 'Global Democratic Alliance' is actually bankrupt." Ye Yu said, "China has always emphasized that 'development is the top priority', and whether it is developed or developing countries, the biggest concerns it faces are economic development , employment and people's livelihood and welfare."

Under such circumstances, the bilateral meetings that President Xi Jinping participated in during the G20 summit and the important speech delivered at the G20 summit all highlighted the theme of "common development". "G20 itself is also a summit focusing on international economic coordination and global economic governance. It should emphasize more on common development, rather than being led by thinking like the 'New Cold War'." Ye Yu said.