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Firmly realizes the true direction of the world economy, Xi Jinping puts four insistence – News – Global IC commerce starts here – ICEach.com



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All parties should strengthen unity and strengthen co-operation in coordinating macroeconomic policy, structural reforms, implementing the sustainable development agenda of 2030, building infrastructure, etc., jointly protecting the multilateral trading system, promoting liberalization and facilitation of trade and investment and oppose protectionism. Further improvement of global economic governance and joint promotion of the strong, sustainable, balanced and inclusive development of the world economy.

Xi Jinping attends the thirteenth summit of the G-20 leaders and gives an important speech

The G20 should adhere to the principles of open cooperation, partnership, innovation and mutual benefit, and take a responsible attitude to understand the direction of the world economy. – Xi Jinping

On November 30th, local time, the Thirteenth Summit of the G20 leaders took place in Buenos Aires, Argentina. President Xi Jinping attended the first phase of the conference and held an important speech entitled "Climbing to the top and firmly embracing the right direction of the world economy." This is a picture of Xi Jinping and other leaders. Journalist of the Xinhua News Agency, Lee Tao / photo

At the 30th local time, the Thirteenth Summit of the G20 leaders took place in Buenos Aires, Argentina. President Xi Jinping attended the first phase of the conference and held an important speech entitled "Rise in the first place and firmly capture the right direction of the world economy," emphasizing that the G20 should adhere to open cooperation, partnership spirit, leading innovation and mutual benefit. Responsible behavior to understand the general direction of the world economy.

Xi Jinping proposed four insistence

Xi Jinping stressed that the common need to maintain a stable development of the world economy has caused the G20. In the past 10 years we have worked together in the same boat and joined forces to push the global economy out of the recession and set off on the recovery and growth path. After 10 years, we should again show courage and demonstrate our strategic vision to lead the world economy on the right track.

First, follow the open cooperation and maintenance of the multilateral trading system. We need to firmly support the multilateral trading system based on free trade and governance. China is in favor of the necessary reforms for the World Trade Organization. The key is to maintain the fundamental values ​​and basic principles of the World Trade Organization, such as openness, inclusiveness and non-discrimination, and to protect the development rights and political space of developing countries. We must support detailed consultations between the parties and promote them subsequently.

Secondly, we stick to the spirit of partnership and strengthen the coordination of macroeconomic policy. All parties should adhere to the "three-in-one" policy tools for fiscal, monetary and structural reforms and strive to promote a strong, balanced, sustainable and inclusive growth of the world economy. In adopting monetary and fiscal policies, advanced economies need to pay more attention and strive to reduce the influence of developing and developing countries. The international monetary system should continue to move towards diversification and build a stronger global financial security network.

Thirdly, we persevere in innovation and lead the way to accelerating economic growth. We need to encourage innovation, promote the deep integration of the digital economy and the real economy, pay attention to the challenges posed by the risks caused by the application of new technologies, strengthen the system and the legal system, and attach the importance of training for education and employment . We need to rely on our own development and open our doors to encourage the spread of new technologies and new knowledge so that innovation can benefit more countries and people. It is recommended that the G20 studies the "application for new technology and its impact" as a key task and seriously explore the ideas and initiatives for collaboration.

Fourth, adhere to the benefits of mutual benefit and promote global inclusive development. We must adhere to the developmental thinking in the center of the people and consider the feeling of acquiring, happiness and security of people as the starting point and basis of the work. We must continue to raise development issues at the head of global co-ordination of macroeconomic policies and implement the Agenda for Sustainable Development of 2030. We must protect the interests and development of developing countries, continue to support the development of Africa, help Africa strengthen infrastructure and interconnection, and promote the process of new industrialization.

Xi Jinping stressed that this year marks the 40th anniversary of the Chinese reform and opening. For the past 40 years, with the support of the international community, the Chinese people have achieved historical development through an unstoppable struggle. Using reform and opening up, China will spur a new round of reforms and open up, continue to deepen market-oriented reforms, protect property rights and intellectual property rights, promote fair competition, and actively expand imports. China hopes that all countries will jointly create a free, open, inclusive and orderly international economic environment.

fair and sustainable future

Many leaders have said that while the world economy as a whole is sustaining growth, the growth rate slows, protectionism and unilateralism are on the rise, and the world economy faces increased risks. All parties should strengthen unity and strengthen co-operation in coordinating macroeconomic policy, structural reforms, implementing the sustainable development agenda of 2030, building infrastructure, etc., jointly protecting the multilateral trading system, promoting liberalization and facilitation of trade and investment and oppose protectionism. Further improvement of global economic governance and joint promotion of the strong, sustainable, balanced and inclusive development of the world economy.

Speaking on the topic of "Fair and Sustainable Future", Xi Jinping pointed out that the G20's economic scale exceeds 80% of the total world economy. While each member of our economy will maintain stability and growth, the stability and growth of the world economy will be guaranteed. We need to add positive energy to the world economy, reduce the negative effects of macroeconomic policies and strive to form a virtuous circle of common development. China's position on the protection of its legitimate rights and interests, reasonable demands and international justice and justice is unwavering. At the same time, we are also ready to strengthen cooperation with all parties in a constructive way and to negotiate the differences. I believe that, while continuing the spirit of partnership, you are negotiating on an equal footing and mutual understanding and shared accommodation, there will be no problems that can not be resolved, and you will certainly find a satisfactory answer.

Journalist of Xinhua News Agency Chen Wei Luo Wei Zheng Xiaoyu


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