Economic indicators system to launch at G20 to help evaluate growth

Lu Feng, a respected economist on Open Macroeconomics from China Center for Economic Research of Peking University (CCER) is responding to the media's questions.[Photo by Wu Zheyu/chinadaily.com.cn]

An important economic indicators system for structural reform is expected to be highlighted during the G20 summit, some aspects of these indicators were unveiled and showed their potential to fuel the economies of the world, according to exclusive comments made by the advisory team for China’s Ministry of Finance to China Daily website.

A press meeting held to help media better understand the main issues to be discussed during the G20 summit, was held by China Center for Economic Research of Peking University (CCER) on August 29, 2016.

Lu Feng, a respected economist on Open Macroeconomics from CCER, and a long-serving advisor to the Ministry of Finance especially for G20 related issues, hosted the meeting and responded to the media’s questions about the evolution of G20.

Among the official themes of G20: “Innovative, Invigorated Interconnected and Inclusive”, which is named as “4-I”, Lu emphasized innovation in growth patterns, adjusting the economic structure and finally formulating a long-term mechanism, not only aiming at solving short-term crisis, is the consensus that both academics and policy makers have already achieved. Particularly, designing a roadmap for structural reform is expected to be a major achievement that China would contribute to not only G20 countries but also the whole world.