Xi stresses key role of G20

China will of­fer as much as­sis­tance as pos­si­ble in global bat­tle against virus

China Daily - - FRONT PAGE - By AN BAIJIE, CHEN YINGQUN in Beijing and WANG XU in Tokyo

Mem­bers of the G20 should en­hance their co­or­di­na­tion in macroe­co­nomic poli­cies to pre­vent a global re­ces­sion re­sult­ing from the novel coro­n­avirus out­break, Pres­i­dent Xi Jin­ping said on Thurs­day.

Xi made the re­mark while de­liv­er­ing a speech dur­ing the G20 Ex­tra­or­di­nary Lead­ers’ Sum­mit on COVID19. The sum­mit, in the form of a video­con­fer­ence, is the first of its kind un­der the G20 frame­work.

Not­ing that novel coro­n­avirus pneu­mo­nia is spread­ing around the world, Xi said that the in­ter­na­tional com­mu­nity should boost its con­fi­dence, make joint ef­forts and en­hance in­ter­na­tional co­op­er­a­tion to strive for vic­tory in mankind’s bat­tle against the pan­demic.

The G20 coun­tries should im­ple­ment pow­er­ful and ef­fec­tive fis­cal and mone­tary poli­cies, en­hance co­or­di­na­tion on fi­nan­cial su­per­vi­sion and jointly main­tain the sta­bil­ity of the global in­dus­trial chain, he said.

Xi pledged that China will make greater ef­forts to sup­ply medicine, daily ne­ces­si­ties and dis­ease pre­ven­tion ma­te­ri­als to the global mar­ket.

In or­der to make a con­tri­bu­tion to sta­bi­liz­ing the global econ­omy, he said, China will con­tinue to carry out a proac­tive fis­cal pol­icy and sta­ble mone­tary pol­icy, pro­mote re­form and open­ing-up steadily, ease mar­ket ac­cess, im­prove the busi­ness en­vi­ron­ment, in­crease im­ports and ex­pand out­bound in­vest­ment.

The pres­i­dent called on G20 mem­bers to take joint mea­sures, in­clud­ing re­duc­ing tar­iffs, re­mov­ing trade bar­ri­ers and pro­mot­ing free trade, to send a strong sig­nal to boost the global econ­omy.

China, which up­holds the con­cept of build­ing a com­mu­nity with a shared fu­ture for mankind, would like to share its ex­pe­ri­ence in dis­ease pre­ven­tion and con­trol with other coun­tries, launch joint re­search and de­vel­op­ment of medicines and vac­cines, and of­fer as much as­sis­tance as pos­si­ble to coun­tries that are af­fected by the dis­ease, Xi said.

The virus knows no bor­ders and the epi­demic is the com­mon en­emy of all, Xi said, ad­ding that the in­ter­na­tional com­mu­nity should join forces to build a joint pre­ven­tion and con­trol net­work.

China has es­tab­lished an online knowl­edge cen­ter on the pre­ven­tion and con­trol of novel coro­n­avirus pneu­mo­nia, and the cen­ter is open to all coun­tries, he added.

China sup­ports the World Health Or­ga­ni­za­tion play­ing a lead­ing role in set­ting sci­en­tific pre­ven­tion and con­trol mea­sures and pre­vent­ing the cross-bor­der spread of the dis­ease, Xi said.

The G20 mem­bers should en­hance the shar­ing of in­for­ma­tion on dis­ease pre­ven­tion and con­trol, pro­mote comprehens­ive and ef­fec­tive meth­ods for dis­ease pre­ven­tion and con­trol and hold high­level meet­ings on global pub­lic health, he said.

Xi said that China will remember and cher­ish the friend­ship shown when it was in dif­fi­culty and some other coun­tries of­fered sin­cere help and sup­port.

Wang Yi­wei, direc­tor of the In­sti­tute of In­ter­na­tional Af­fairs at Ren­min Univer­sity of China, said that the spe­cial sum­mit is the most im­por­tant mul­ti­lat­eral event since the out­break of the dis­ease be­cause the pan­demic has led to a global pub­lic health cri­sis un­prece­dented in the past cen­tury.

Ma­jor economies should co­or­di­nate their eco­nomic poli­cies as some coun­tries’ stim­u­lus poli­cies have caused tur­bu­lence in the global fi­nan­cial mar­ket, he said, ad­ding that greater com­mu­ni­ca­tion is needed to pre­vent the health cri­sis from turn­ing into a global fi­nan­cial cri­sis.

From a long-term per­spec­tive, the G20 mem­bers should also dis­cuss how to pre­vent the out­break of sim­i­lar epi­demics and im­prove the global gov­er­nance sys­tem, he added.

Koh King Kee, pres­i­dent of the Cen­tre for New In­clu­sive Asia, a lead­ing Asian think tank based in Kuala Lumpur, Malaysia, said that the G20 meet­ing is most timely and of crit­i­cal im­por­tance in the global ef­fort to stem the spread of the virus.

More­over, as the ma­jor economies of the world are un­der lock­down, the world econ­omy is in danger of slip­ping into a re­ces­sion.

“World lead­ers must now act and col­lab­o­rate, putting aside ide­ol­ogy and geopol­i­tics, take swift, strong and un­con­ven­tional mea­sures not only to fight the com­mon en­emy, COVID-19, but also to pre­vent a global re­ces­sion,” he said.

He added that China now has the pan­demic un­der con­trol and has re­booted its econ­omy. It has both the ex­pe­ri­ence and ex­per­tise to share with the world and the ca­pac­ity to pro­duce much needed med­i­cal sup­plies for coun­tries hard hit by the pan­demic.

“Pres­i­dent Xi’s par­tic­i­pa­tion in the G20 meet­ing is a must, as China plays a lead­ing role both in en­sur­ing the health of mankind and the world econ­omy,” he said.

Hiro­take Ran, a pro­fes­sor of East Asia stud­ies at Musashino Univer­sity in Tokyo, said Xi’s speech at the meet­ing at­tracted great at­ten­tion glob­ally.

“China was the first coun­try to be hit by the virus and was the most af­fected one, and it achieved great suc­cesses af­ter mak­ing great sac­ri­fices. There­fore, the in­for­ma­tion, ex­pe­ri­ence and lessons of­fered by China are im­por­tant for other coun­tries,” Ran said.

“Although the sit­u­a­tion and sys­tem dif­fers from coun­try to coun­try, it is of great sig­nif­i­cance to sum up these ex­cel­lent and ef­fec­tive mea­sures in or­der to con­tain the epi­demic as soon as pos­si­ble,” Ran added.

PHO­TOS BY LI XUEREN AND PANG XIN­GLEI / XINHUA

Pres­i­dent Xi Jin­ping speaks dur­ing the G20 Ex­tra­or­di­nary Lead­ers’ Sum­mit on COVID-19 on Thurs­day. The pres­i­dent par­tic­i­pated in the sum­mit, which was in the form of a video­con­fer­ence, at the Great Hall of the Peo­ple in Beijing.

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