OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
Russia, China suggest for UN SC to adopt resolution on chemical terrorism threatRussian Politics & Diplomacy March 25, 3:23
Russian lawmaker compares European Union to Soviet UnionRussian Politics & Diplomacy March 25, 3:16
Russian emergencies ministry says fire at Kazan’s gunpowder factory fully extinguishedWorld March 25, 3:01
Relations btw US, Russia worst over half-century - Lukin quoting KissingerRussian Politics & Diplomacy March 25, 2:58
Russia suggests setting up international coalition for demining operations in SyriaRussian Politics & Diplomacy March 25, 1:08
One person dies in fire at gunpowder factory in Russia's KazanWorld March 24, 21:47
BEIJING, August 3. /TASS/. Russia’s participation in G20 is highly important for breaking the deadlock of the global economy and restoring its growth rates, Director of the Department of European-Central Asian Affairs of China’s Foreign Ministry Gui Congyou said on Wednesday.
"Russia is main developing economy of the globe; its presence at the G20 summit will be important for promotion of global economic governance and ending of deadlock of the world’s economy," the diplomat said.
"Main topic of G20 is to assist global economic governance. Main world’s economies are facing significant challenges, while recovery of the global economy is sluggish," Gui Congyou said. Cooperation among all leading powers is needed to increase its growth rates, he added.
The Russian economy has high potential and will recover soon, the diplomat said. "Russia is currently challenged by problems in its economy but it has huge resources, independent industrial base and advanced technologies. Russia’s potential of economic development is vast," he said.
"I am confident the Russian economy will definitely restore its developing owing to presence of huge development potential and meaningful action of the government," Gui Congyou said.
China will host the G20 summit in Hangzhou (Zhejiang Province, East China), on September 4-5.