This weekend G20 trade ministers shall meet in Shanghai. It is an opportunity for China to pave the way for the G20 Summit in Hangzhou in September. Led by China, G20 economies could refocus global attention to world trade and investment, even amid rising economic uncertainty, market volatility and political risk.
Indeed, one of the greatest risks the global economy is currently facing is world trade. It has not just slowed down. It has nearly collapsed. What world trade needs is aggressive, multi-front acceleration.
World trade is falling