CRI听力:Growth, inclusiveness and climate change top U.S. agenda at G20 Hangzhou Summit
U.S. Treasury Secretary Jack Lew says stronger growth, an environmentally sustainable future and an inclusive global economy are going to be on the top of the U.S. agenda at the upcoming G20 Summit.
"The President will call on his counterparts to follow through on the G-20's commitment to use all policy tools—including fiscal policy—to achieve robust and inclusive growth, and he will underscore the importance of investing in jobs and supporting middle-class incomes."
Government spending has slowed in recent years as a result of a sluggish recovery from the 2008 financial crisis in many parts of the world.
And the private sector is still reluctant to invest.
Noting this, Jack Lew says the U.S. believes more countries now have the room to enact pro-growth policies, be it fiscal or structural tools.
But he's also cautioning policy makers to focus on making sure the benefits of growth are broadly shared by all, particularly for working families and regions that are working to pull themselves out of poverty.
"Around the world, the message of anxious and angry citizens who feel left behind underscores the need for global financial discussions to show both an understanding of this concern, and a commitment to action."
The US Treasury Secretary says President Obama will be pushing forward the idea of inclusive growth, which is also one of the four themes of the Hangzhou Summit.
Jack Lew says the U.S. side will also encourage countries to become more digitized in their finances, suggesting this is one of a number of steps needed to support a more integrated global economy.
"There are very real concerns about globalization and technology, but the answer cannot be to close ourselves off."
The US Treasury Secretary also says climate change remains a serious threat to the global economy, as well as to international security.
Saying no nation is immune, Lew says President Obama is going to press for more countries to conduct fossil fuel subsidy peer reviews to fulfill their commitments made at previous G20 meetings.
China and the United States have recently completed their peer reviews.
Germany and Mexico have also launched their own look back at the work they've been doing to reduce dependence on fossil fuels.
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