Every year, the famous G20 Summit is held in one of the world's leading capitals. The summit broadly focusses on many critical issues dealing with world economy. It also discusses the global finance and economic matters. In 2019, the first ever G20 summit was set to be hosted on Japanese soil. The major world conference would be held in Osaka City.The Osaka meeting was planned for 28–29 June 2019. The G20 Summit is always a perfect opportunity for all kinds of people worldwide to see and experience a newly revitalized and transformed world .This time, the focus would be on Japan and the larger Asian continent, including the world economic giant, China. Thanks to Japan and Asia's thriving inbound investment and booming corporate profits, the summit would be a major showpiece and a great learning experience for world economic enthusiasts.

The inbound investment is attributed to Asia's many economic stimulus policies and her bold regulatory reforms in particular. There is always a wildly celebrated wide-ranging appeal for regions that host these highly consequential discussions. Even this time, it is no exception. Truly speaking, it is time for Japan, Asia and economic giants like China to call the shots courtesy of the 2019 Osaka summit. There are thrills and excitements lurking here, in these kinds of global events with a huge impact on the international economy.

China, Japan Leading

Without a doubt, during its presidency and leadership of the G20 Summit, the Japanese government would determinedly demonstrate strong leadership, and advance discussions geared toward solving the myriad issues facing the international community. Interestingly, all the nine cities that have had the privilege of hosting the G20 Summit and its ministerial meetings in the past, have their own unique appeal. All of them boast of having a fascinating history, cuisine, and culture. Japan and China are certainly some of the leading countries that have a major say in this kind of global economic and cultural fiesta.

In retrospect, with a hindsight knowledge of similar previous meetings, a consensus had already been reached by all the finance ministers of the G-20. This consensus carried a stinging message: It spoke strongly against the devaluation of the major competitive currencies of the world. For instance, Haruhiko Kuroda, who is the current governor of the Bank of Japan, was quite upbeat. The governor enthusiastically shared the same sentiment that had been warmly ratified by many nations of the world, aside from the powerhouse G-20 countries.

Shanghai, China Declaration

What is not in question is that many other countries would also reap the benefits of this unanimous consensus by the world's leading countries. Mr. Kuroda made this announcement at a recent meeting held in Shanghai, China. The conference discussed the negative world interest rates and the remedial steps scheduled to be taken by the Bank of Japan. Such a step would materialize, regardless of a lack of space for opposing countries to maneuver. To achieve the Bank of Japan's target of a two percent rate of inflation, the institution planned to further lessen its rates. This would be done after an assessment of what impact the policy was likely to have on the prevailing situation.

China-Friendly G20 Policies

It is interesting to ponder what factors impacted on the G20 economic forum's overall assessment. First of all, the global economy was figured out as a whole unit, including the volatility elements touching on the capital flow reversal, finances, and the steep decline of the world commodity prices. As a rule, the global growth policies are usually implemented quite consistently by the G-20 countries. This is usually prioritized, aside from conducting a tactical reformation of structural integrity. Such a policy is geared towards the sustainment of an overall, balanced growth. The items of this policy include the fiscal, monetary, structural, individual, and collective factors. All these were used by the G-20 countries to achieve the envisaged communique in its entirety. With this kind of strategy employed by the G20 powerhouse nations, success was always lurking around the corner. The Osaka summit would be a perfect platform to implement these noble strategies.

No Devaluation Jitters in Asia

As a direct impact of the scheduled Osaka Summit, are there fears of devaluation of the major currieries of the Asian countries, including those of Japan and China? Not quite. But that is a subject for another day. In brief, in order to increase commercial competition, boosting exports and other similar aspects, the G-20 countries resolved not to encourage the trend to devalue currencies, be it the Chinese, Japanese or any other major world currency.

Vale SA, being a global iron ore & nickel producer, wants to have a bigger responsibility in China's initiatives to cut down carbon emissions by providing higher quality supply of iron ore, according to its CEO Murilo. Murilo Ferreira discussed the company's strategies with a local daily and also shared some of the recent projects as well as cost reduction effort in a volatile market and unstable political environment. He wants politicians to increase effort in increasing prosperity instead of going into arguments. Ferreira is all for the Chinese government's new plan for bringing change to steel mills in the country. Plants that have issues with credit could be consolidated and modernized using modern technologies. Modernization will take some time. According to Ferreira, credit easing had caused iron ore prices to rebound sharply. There is huge credit improvement in China. Loose financing measure gave people access on new housing launches. New properties are being launched and increasing in number. Steel mill efficiency is increasing and much better compared to 2015. China demand for using iron ore has picked up. However, the quality is lacking compared to Brazilian iron ore as there is 67% iron content compared to Chinese iron ore at 25% iron content. It is better for the environment as well.

Consolidation must be done to reduce the overcapacity situation in China. Depletion of iron ore will naturally reduce the overcapacity. Currently about 40 million iron ore tons are being depleted every year. Existing mines must be replaced. Vale has been investing heavily on new mining projects. We had some cost reduction in project budget from $19.5billion to $14billion due to exchange rate fluctuation. Vale intends to stay committed to China and maintaining its position as the largest supplier. Vale hopes to increase the supply from 180 millionto 250 million (tons).The purpose for executing a memorandum together with FMG (Fortescue Metals) is to mix the iron ore materials at China port infrastructure. There is no firm contract now. Vale is in need of good iron ore and is exploring all avenues.

Vale's credit rating was downgraded due to issues in reducing debt. Vale is actually aggressive in cost control. Iron ore cost has been reduced to US$32 from US$90. S&P and Fitch had reaffirmed our investment grade rating but Moody's is deliberating on the bleak long term prospect of iron ore cost of US$35. Vale divested a huge non-core operations amounting to US$12 billion. Another transaction will be announced soon to sooth creditors' concerns. Vale will work hard to prove Moody's views and assumptions. Vale believes that iron ore price will be between US$65 and US$80 in the long run. Brazil's politician should focus and unite on creating wealth to the nation instead of squabbling over petty issues. Economic growth should be the main priority in the current slowdown climate.

Vale has always been the biggest nickel producer globally. There is potential demand for nickel with rise of electric cars, aerospace as well as high-tech industries. Our best nickel product comes from Canada. The future for nickel is bright. Vale is in the top 10 copper supplier list. Vale is preparing to launch production for metallurgical coal located in Mozambique. Railways and port facility are all ready for operation. Vale is the third largest producer for grains and fertilizer. Vale aims to be number one in the near future.

Mining industry has always been a cyclical industry. Central bank monetary policies are very different for China, Japan, EU and US. Vale will navigate the cycles by considering the long term prospect for its projects which take about 8 to 10 years. There is big concern on politics globally and these need to be solved real soon. Brexit issue has been the main political headline and world leaders need to resolve them.

With a lot of things that has been going on in China in the previous months, it may be perceived that there are also numerous topics that can be used to complete an essay writing task. On the other hand, people are typically caught up just staring at something that will eventually lose your sight along the way. There are certain instances that occurred in July this year, August and June of 2013 as well. There are also numerous times when some amusing and unwanted instances occurred. The vigorous an unbalanced economic system of China is actually invading something that may be called the phase shift. It may also be not as grand as the rebalancing method that will be best in re-structuring debts in an upturned manner.

People who view China in this manner may have been able to determine a not so typical panic, shocks and even credit crunches that may have gone through, but somewhat that may have the important practice in a series of very related amusing. These amusing instances were all linked to debts and that may happen regularly for so many years, each of the amusing instance will progress or even delay the rebalancing method, so that it may affect the method of the future shocks to happen. There are some few wide paths along with the Chinese economy that may bring re-balance. If you can get some sense out of the China's official restrains and balance sheet structures, only then you will determine the meaning behind the figures and how they were linked with one another.

To be able to get the figures right, it is important to comprehend the undercurrents of the debt as well as the balance sheet and its structures in a generalize manner. Around 4 years back, a client has sent a research report from the Standard Chartered Bank wherein the Analyst from China gave warning that while the Chinese debt levels were still insignificant, there was still a probability, though it is quite low or thin, but if it is not important, the credit growth will rise dramatically and the debt will be a big problem for the policymakers. At the moment, things are still manageable, however, it is also probable that Beijing may neglect the proper way to handle their debt issues.

It may be considered as a devastating agreement at that time when the growth of China was still strong, easy to maintain, they may generate GDP growth rates for decades that weren't lower than around 10% that has been seen in the past 3 decades. As the client sent the report with the remarks that the sell side has been known that the economic status of China was at risk then. There was an analyst who had been a part of the devastating bull consensus once said that at last, the start to comprehend the economic condition of China along with the issues it has been facing. Though, this concern is still unconfirmed. It may be that those who have comprehended the growth of the Chinese model may have also understood that it is also over dependent on the fuel growth investment, combined with the structure of the credit markets, massive moral risk, awful low interest rates to name some that made the debts soar at its highest and may be hard to repair.

To say that it may only occur in the government being handled by Xi Jinping, the mismanagement process says that the analyst wasn't able to understood the self-reinforcing links between the soaring debt and the lessening growth. It has also been underestimated how hard it may be for the new government to rise from the debt and deal with the declining growth. It was just under computed how hard it may seem for the new government to break out in this kind of method. It is bound to occur, no matter what the administration do and how much to exert effort to get this job done. He cannot hinder being blamed for not being able to become competent in handling the government management accordingly.

There was just a big dissimilarity between the acknowledgement given by China with all of the debts and comprehending how the debts were formed and how they were made to embed in the financial system, however, the Standard Chartered representative assumed that the former affects the latter. However, there was a certain misunderstanding about how they were able to handle the data interpretation and this reaches to the primary of the analysts that handles the data of China. Lardy do believe that China is in a good condition, economical wise and that sums up the positive growth predictions. According to this similar data, there was a writing from Lardy that has been published for some time now. The growth to slow sharply is just a must expect. The present condition of the China's growth is long term; it may be around 6-7%. China may grow at around 8% for one year and for 5-10 years still.

The People's Republic of China practices the system of people's congress. China's Constitution stipulates that all power in the People's Republic of China belongs to the people, and the organs through which the people exercise state power are the National People's Congress and the local people's congresses at different levels. Local people's congresses at different levels are elected in a democratic way, and are responsible to the people and subject to supervision by the people. Deputies to the people's congresses at county and township levels are elected directly by their constituents. All citizens of the People's Republic of China who have reached the age of 18 have the right to vote and stand for election, regardless of ethnic status, race, sex, occupation, family background, religious belief, education, property status or length of residence. Such citizens make up 99.97 percent of the population who are 18 years of age or over. Over the past dozen years, more than 90 percent of the electorates participated in the four direct elections of deputies to the people's congresses at county and township levels. Deputies to the people's congresses of the provinces, autonomous regions, municipalities directly under the Central Government, autonomous prefectures and cities divided into districts are elected by the people's congresses at the next lower level. Deputies to the NPC are elected by the provinces, autonomous regions and municipalities directly under the Central Government, and by the armed forces. Candidates for deputies to the people's congress at various levels are nominated on the basis of electoral districts or electoral units. The political parties and various people's organizations may either jointly or separately recommend candidates for deputies. Any voter or deputy may, with at least 10 people supporting his proposal, also recommend a candidate. The number of candidates for deputies shall be greater than the number of deputies to be elected. The elections shall be by secret ballot.

The NPC is the highest organ of state power. It exercises the state power of amending the Constitution and supervising the enforcement of the Constitution; enacts basic laws of the state; elects and decides on the choices of the leading personnel of the highest state organs of China, including the President and Vice President, the choice of the Premier of the State Council and other component members of the State Council; elects the Chairman of the Central Military Commission and decide on the choice of other component members of the Central Military Commission; elects the President of the Supreme People's Court and the Procurator-General of the Supreme People's Procuratorate; examines and approves the plan for national economic and social development and the report on its implementation; examines and approves the state budget and the report on its implementation; and make decisions on other important issues in national life. The NPC is elected for a term of five years. It meets in session during the first quarter each year and is convened by the NPC Standing Committee.