Chairman Xi has a message for Biden, members of the G-20
People’s Daily, China-presented below the speech given by Chairman Xi to the G-20, of which the Untied States is a member. China has expressed its pleasure in the U.S. Administration changing hands from Trump to Biden in order to restore friendly relations between the two super powers.
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Following is the plan for globalization that Chairman Xi lays out from excerpts of his speech.
Chinese President Xi Jinping on Saturday proposed constructing a “global firewall” against COVID-19, reducing tariffs and barriers as well as tapping into the booming digital economy to battle the pandemic and reboot the flagging world economy.
Addressing the Group of 20 (G20) Riyadh Summit via video link, Xi said the group has once again played an “important and irreplaceable” role in the global war against the pandemic which has “impacted the world in a more profound way than the 2008 global financial crisis did.”
“To contain the virus, stabilize the economy and protect livelihood remains a long and arduous journey for all countries,” Xi said. “While containing the virus, we must also stabilize and restore economic growth.”
His remarks came as humanity is grappling with growing uncertainties caused by the pandemic pullback, a global recession, as well as backlash to economic globalization.
The G20 groups the world’s major economies whose combined GDP accounts for over 85 percent of the world’s total.
They are widely expected to take more initiatives through closer cooperation to address the pandemic, and its lasting and far-reaching impact on the world economy.
FIGHTING PANDEMIC
Xi called on the G20 members to make concerted efforts in fighting “the most serious pandemic in a century” as the rising toll entails a coordinated response.
“We should speed up action and support the World Health Organization (WHO) in mobilizing and consolidating resources and distributing vaccines fairly and efficiently,” Xi said.
The helmsman of the world’s second largest economy said China stands ready to step up cooperation with other countries on research and development, production and distribution of vaccines for COVID-19.
“China’s message is clear — vaccines should be a global public good and so should its vision of a stronger community with a shared future,” Feng Zhongping, vice president of China Institutes of Contemporary International Relations, told Xinhua.
FREE TRADE
The two-day summit, along with three other key multilateral diplomatic events that the Chinese leader attended within less than two weeks, has seen Xi champion multilateralism and free global trade.
He proposed that the G20 should ensure the smooth functioning of the global economy and restore the secure and smooth operation of global industrial and supply chains, reduce tariffs and barriers.
Xi said China has put off debt repayment totaling over 1.3 billion U.S. dollars, pledging that the country will strengthen measures on debt suspension and relief for countries with particular difficulties.
GLOBAL GOVERNANCE
Xi stressed efforts to strengthen the role of the WHO and advance the prevention of and response to pandemics to build a community of health for all. （Xinhua） For the speech in full, go to the link below:
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