The OECD has welcomed the release by China and the US of peer reviews of their fossil fuel subsidies.
The Secretary-General presented OECD work and recommendations to G20 Heads of State and Government at several sessions and also participated in the B20 summit and held bilateral meetings with leaders attending the events.
The Secretary-General attended a 1+6 Roundtable Meeting on the invitation of Prime Minister Li Keqiang. He also took part in the G20 Finance Ministers and Central Bank Governors Meeting in Chengdu, delivered remarks at the opening of a China-OECD policy dialogue on new approaches to economic challenges, and held bilateral meetings with high-level officials.
Outdoor air pollution could cause 6 to 9 million premature deaths a year by 2060 and cost 1% of global GDP – around USD 2.6 trillion annually – as a result of sick days, medical bills and reduced agricultural output, unless action is taken, according to a new OECD report.
China was among the near-200 countries to adopt the Paris Climate Change Agreement (Paris Agreement) at an historic UN conference in Paris, France on 12 December 2015. As an emerging economy and one of the world’s major emitters of greenhouse gases, how China implements the Paris Agreement will be important. We asked Dr Xuedu Lu of the Asian Development Bank for his views.
The Secretary-General attended the China Development Forum and also presented the Chinese edition of the OECD Latin American Economic Outlook 2016: Towards a New Partnership with China as well as the report “Policies for Sound and Effective Investment in China”.
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This brochure provides just a glimpse of the scope, depth and richness of our joint work with China. In 2016, our co-operation is intensifying as the OECD works closely with China in support of its G20 presidency, to build together an “Innovative, Invigorated, Interconnected and Inclusive World Economy”.
The Secretary-General spoke at the G20 Finance Ministers and Central Bank Governors meeting, the G20 High-Level Seminar on Structural Reform, and also presented the OECD report Going for Growth 2016.
Achieving strong growth in the global economy remains elusive, with only a modest recovery in advanced economies and slower activity in emerging markets, according to the OECD’s latest Interim Economic Outlook.
The State continues to remain an important shareholder in listed companies worldwide, especially among emerging economies, which rely increasingly on mixed-ownership models. With the benefit of hindsight and more recent examples, this book provides fresh perspectives on the motivation to list state-owned enterprises (SOEs) and the process it entails. Drawing from the experiences of five economies (People's Republic of China, India, New Zealand, Poland and Turkey), the book concludes that broadened ownership generally has a positive impact on the governance and performance of these companies. However, country practices show that the act of listing cannot guarantee that these companies are completely averse to State interests; and deviations from sound corporate governance practices, as enshrined in the OECD Guidelines on Corporate Governance of SOEs, can in some cases, raise concerns with regards to non-State shareholder rights, commercial orientation, board independence, conflicting State objectives, transparency, disclosure and more.