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Economic revival hot topic at UN convention

Updated: 2016-07-18 15:17
By Pan Zhongming and Liu Hongjie in Kenya (chinadaily.com.cn)

Economic revival hot topic at UN convention

President Uhuru Kenyatta at the opening ceremony. [Photo by Liu Hongjie/chinadaily.com.cn] 

Earlier in the morning, the 14th Ministerial Meeting of the Group of 77 and China was held. Liu Xianfa, Chinese Ambassador to Kenya, delivered a speech on behalf of the Chinese delegation.

Liu said the group therefore should strengthen cooperation and further enhance its role. The world economy is under adjustment, and the in-depth impact of the international financial crisis has not been eradicated, Liu said.

The global growth is lack of impetus, and meanwhile the goals proposed by the Group of 77 at its establishment in 1964 have not been achieved, Liu added.

He urged the Group of 77 to enhance its agglomeration forces, cohesiveness and bring new vitality and energy to consolidate its role.

The Group of 77 should better realize its historical task for the co-development of the developing countries, he said. It should uphold the spirit of equally mutual trust and benefits to forge the "Community of Shared Destiny".

He urged the Group of 77 to strengthen its cooperative mechanism to follow issues of global economy, trade, investment, finance and others to bring positive energy to global economic affairs.

The ministerial meeting of the G-77 is set to be pragmatic and result-oriented with respect to the current negotiations, said Joakim Reiter, Deputy Secretary-General of UNCTAD to the Fourteenth Ministerial Meeting of the Group 77 and China.


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