○  卡梅伦北大演讲稿  ○

and some 20 million jobs were lost in the chinese export sector.

changes in the structure of our economies will take time.

what is important is that the major economies of the world have a shared vision of the path of this change: what actions countries should avoid; what actions countries need to take and, crucially, over what period it should happen.

this is why the g20 – and the meeting in seoul – is so important.

together we can agree a common approach.

we can commit to the necessary actions.

we can agree that we will hold each other to account.

and just as china played a leading role at the g20 in helping to avert a global depression

so it can lead now.

i know from my discussions with premier wen how committed china is to actions to rebalance its economy.

china is already talking about moving towards increased domestic consumption

better healthcare and welfare

more consumer goods as its middle class grows

and in time introducing greater market flexibility into its exchange rate.

this can not be completed overnight

but it must happen.

let’s be clear about the risks if it does not

about what is at stake for china and for the uk – countries that depend on an open global economy.

at the worst point of the crisis, we averted protectionism.

but at a time of slow growth and high unemployment in many countries those pressures will rise again

already you can see them.

countries will increasingly be tempted to try to maximise their own growth and their own employment, at the expense of others.

globalisation – the force that has been so powerful in driving development and bringing huge numbers into the world economy could go into reverse.

if we follow that path we will all lose out.

the west would lose for sure. but so too would china.

for the last two decades, trad

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