Economic Performance Overview - Major economies have shown varied performance in Q2, with the U.S. tariff policy impacting trade differently across countries [1][4] - China's GDP grew by 5.3% year-on-year in H1, with Q2 growth at 5.2% year-on-year and 1.1% quarter-on-quarter, driven by strong exports and macroeconomic policies [2] - The U.S. GDP increased by 3% on an annualized basis in Q2, recovering from a 0.5% contraction in Q1, influenced by a significant drop in imports and increased consumer spending [2] - The Eurozone's economy grew by only 0.1% quarter-on-quarter in Q2, the lowest since early 2024, with Germany and Italy experiencing a 0.1% contraction [2] Regional Economic Insights - South Korea's economy rebounded with a 0.6% quarter-on-quarter growth in Q2, supported by increased exports and domestic demand [3] - Vietnam's GDP grew by 7.52% year-on-year in H1, with Q2 growth at 7.96%, attributed to accelerated procurement by foreign buyers ahead of potential U.S. tariffs [3] Tariff Policy Implications - Experts warn of the structural changes in supply and demand relationships due to U.S. tariff policies, predicting significant pressure on global economic growth in Q4 and 2024 [4] - Short-term behaviors, such as companies stockpiling goods to avoid tariff impacts, may lead to trade cycle disruptions, which are not sustainable for long-term growth [4] Global Economic Outlook - The IMF has revised global economic growth forecasts for the next two years to 3% and 3.1%, influenced by factors such as preemptive stockpiling by importers and improved financial conditions [5] - Despite the positive adjustments, the IMF cautions that global economic activities remain distorted due to heightened tariff expectations and geopolitical tensions [5] Cooperation and Trade Framework - The IMF emphasizes the importance of pragmatic cooperation among economies to reduce trade barriers, suggesting that a predictable trade framework could enhance global economic growth [6]

国际货币基金组织(IMF)29日发布《世界经济展望报告》更新内容，预计2025年和2026年世界经济将分 别增长3%和3.1%，较今年4月预测值分别上调0.2和0.1个百分点。 ...

Core Viewpoint - China supports the G20 as an important platform for international economic cooperation, emphasizing the need for multilateralism, improved global governance, and promoting world economic growth [1] Group 1 - The G20 finance ministers and central bank governors will hold a meeting in South Africa next week [1] - China encourages the G20 to play an active role in strengthening multilateralism and enhancing global governance [1] - The Chinese government expresses its expectations for the upcoming G20 meeting [1]

Group 1 - The G20 meeting will be held in South Africa next week, highlighting the ongoing importance of this international economic cooperation platform [1] - China supports the G20's role in enhancing multilateralism, improving global governance, and promoting world economic growth [1] - There is an inquiry regarding China's potential proposal to further advance the internationalization of the Renminbi during the G20 meeting [1]