BEIJING, June 28-- Chinese President Xi Jinping's speech at the G20 Osaka summit on Friday offers direction for improving global governance and boosting economic growth across the world, say experts. Addressing the 14th summit of the Group of 20 (G20) major economies held in the Japanese city of Osaka, Xi called on the countries to explore driving forces for growth, improve global governance, remove development bottlenecks, and properly address differences, while pledging China's further opening-up. Twenty years after the G20 was established in the aftermath of the 2008 financial crisis and ten years after it became a premier platform for international economic cooperation, Xi's speech comes at a time when the global economy is once again at a critical crossroads. The speech provides direction for improving global governance and the global trading system, according to Swaran Singh, professor at School of International Studies at the Delhi-based Jawaharlal Nehru University in India. "Xi's much anticipated speech at Osaka G20 summit aptly provides a direction for improving global trading system" to avoid "being myopic and guided by short-term interests," said the professor. He "especially underlined the need to promote a sense of responsibility in order to enhance confidence in the market and guide the development of economic globalization in right direction," he added. For improving global governance and enhancing a G20 leadership role, Singh noted, "President Xi most aptly underlined the need for G20 economies to persevere in pursuing cooperation in reform and innovation so as to address their shared problems." |