info.afrindex.com
China-Africa Trade Information Service
info.afrindex.com
China-Africa Trade Information Service
Global leaders are working to jump-start a flagging world economy.Meeting at the G20 summit in China, the leaderswant inclusive economic growth that creates jobs.
The city of Hangzhou is a hive of activity aheadof the main summit with all parties trying to formulate strategies to revive astruggling world economy.
President Jacob Zuma and his counterparts fromCanada and Argentina took part in a panel discussion at the business session onSaturday, centred around the question of how to re-energize the economy. Zumasays an understanding of the economy by all sectors is necessary to grow theglobal economy.
Meanwhile, the BRICS Bank has hit the ground running, already lending helpwhere necessary.
Vice President of the BRICS Bank, Lesley Maasdorp,says South Africa's state owned enterprises are free to approach their bank forassistance. Maasdorp says the BRICS bank was set up to help member states,including their public enterprises. This after some financial institutions likeFuturegrowth say they will stop lending money to state-owned companies in SouthAfrica, as it is too risky.
A crucial development ahead of the summit has been the ratifying of the Paris agreement to cut climate-warming emissions by China
and the USA. This marks a major step towards theenactment of the pact as early as the end of the year and setting the stage forother countries to follow suit.
