Beijing, November 22, 2020 / PRNewswire / – With COVID-19 still causing widespread damage worldwide, China Saturday called for concerted efforts from major economies to promote more inclusive growth and improve global governance in the post-epidemic era.
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The epidemic, which has infected more than 57.4 million people and killed more than 1.3 million people worldwide, has exposed several weak links in global governance. The international community is wondering what the Group of 20 (G20) can do to improve the system, Chinese President Xi Jinping said while addressing the G20 Riyadh summit via video link.
Xi said that the G20 said multilateralism, openness, inclusivity, mutually beneficial cooperation should play and maintain synergy over time, playing an irreplaceable role in the global fight against COVID-19.
Formed in 1999, the G20 is the main platform for international cooperation on financial and economic issues. It includes 19 countries – Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arab, South Africa, South Korea, Turkey, Britain And United States – Plus European Union.
Helping developing countries
Xi told other G20 leaders, “We must maintain our support for developing countries and help overcome the difficulties caused by the epidemic.”
China Fully implementing the G20 Debt Service Suspension Initiative (DSSI), overcoming its difficulties, with more than the total amount $ 1.3 billion, He mentioned.
The G20 launches DSSI to meet the immediate liquidity needs of low-income countries, allowing debt service payments May 1 By the end of the year being suspended by the worst countries. Debt suspension to be extended for next six months 30 June, 2021, G20 Miracle ministers and central bank governors took the decision in October.
China The poorest countries rank first among G20 members in terms of loan default amounts under DSSI for Finance Minister Liu Kun Recently said.
“China Xi said in his speech that debt suspensions and relief levels would increase for countries experiencing particular difficulties and would encourage their financial institutions to provide new financing support.
He reaffirmed Of china The commitment to help and support other developing countries through the creation of COVID-19 is a public good vaccine that is accessible and affordable worldwide.
The Chinese President also called for the promotion of free trade on the G20, opposing unilateralism and protectionism, and protecting the development rights and security of developing countries.
Face global challenges
“We need to build capacity to meet global challenges,” Xi emphasized. “The most prominent work at this time is to shore up the global public health system and include COVID-19 and other infectious diseases.”
He said that the G20 members should work together to enhance the role of the Tech Health Organization and create a global community of health for all.
Meanwhile, the president called for international cooperation to protect the environment, fight climate change and create a “clean and beautiful world, where man and nature harmonize in harmony.”
China It was announced in September that it would attempt to achieve carbon neutrality before 2060. The country’s target is the CO2 emissions peak before 2030.
According to Xi, the G20 should play a leadership role in promoting innovation-driven development in the digital age and improving economic globalization.
Noting that the epidemic has ushered in new technologies and commercial forms, he called for action to turn the crisis into an opportunity.
“We can deepen structural reform and cultivate new growth drivers through scientific and technological innovation and digital transformation,” he said.
Commenting on the backlash against economic globalization, he called for challenges to be faced and said that “being more open, inclusive, balanced and beneficial to all.”
Of china The move to establish a new development paradigm will create more opportunities for countries around the world to share their achievements in advancing high-quality economic development, Xi told other leaders to attend the summit.
Of china The top leadership has made a strategic decision to promote a new development paradigm with domestic development as the mainstay, and internal and external circulation are strengthening each other.
“China Xi will always be the creator of global peace, a contributor to global development, and a protector of international order. “We can bridge differences through dialogue, resolve disputes through dialogue, and make a joint effort for world peace and development.”
Video – https://www.youtube.com/watch?v=bbm3JzjkVTA
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