The world’s two largest economies must lead globalization onto a track of fast progress, to further accentuate “development”, placing more emphasis on “the politics of distribution”, rather than on “the politics of production”.

A key federal committee has just blessed what would be the largest-ever Chinese overseas investment, the $43 billion takeover of the giant farm pesticide and seed corporation, Syngenta. In doing so, the U.S. government is showing acquiescence when issues of national security or key resources are off the table. However, it may also be taking a risk with American food safety.

Chinese concepts and wisdom about “win-win cooperation”, “new type of major-country relationship”, “community of common destiny of all mankind” and “new security concept” will surely contribute to the G20 in the development of solidarity and a partnership spirit.

China’s macro challenge: Stay problem-oriented and target-oriented, considerably alleviate the financing difficulty of the private enterprises, reduce excess capacity, foster a driving force for a new growth and stimulate private investment – all while speeding up supply-side structural reform.

As China assumes G20 leadership, the prospect of global “protectionism” is on the rise and the stakes could not be higher for cooperation and major structural reforms. Without continued investment and trade, secular stagnation in advanced economies and growth deceleration in emerging economies will continue to broaden.

The US should follow the historical trend of trade liberalization, abandon protectionism, and engage in non-discriminatory free trade. That is the only winning formula for its own and the rest of the world’s economic difficulties.

The US-China Business Council has released the key findings of its 2016 annual member survey. For the past 11 years, USCBC has polled its members on their business performance in China and their priority issues.

Donald Trump’s nomination as the presumptive GOP candidate has come amid global alarm that the openly protectionist candidate will launch a series of anti-free trade initiatives if elected. However, a trade war with Mexico, and even more so with China, would have catastrophic consequences for the U.S. economy.

The tool of negative interest rates has not worked, but has spread to dangerous levels. If the current global crisis bailout methods are not fundamentally reformed, and the old policy options continue to be applied, the possibility of another global crisis in the future can not be ruled out.

Strategies to stabilize world commodities and promote industrialization in Africa are key to achieving the goals of global governance and for sustainable growth. Giving less-developed nations outside the G20 an economic boost is a necessary commitment if any long-term global strategies are to be successful.