Full Text: Remarks by Chinese President Xi Jinping at 15th G20 Leaders’ Summit – Xinhua

BEIJING, Nov. 21 (Xinhua) — Chinese President Xi Jinping on Saturday addressed the 15th G20 Leaders’ Summit through video hyperlink.

Together, Let Us Fight COVID-19 and Create a Better Future

 

Remarks by H.E. Xi Jinping

President of the People’s Republic of China

At Session I of the 15th G20 Leaders’ Summit

 

Beijing, 21 November 2020

 

Your Majesty King Salman bin Abdulaziz Al Saud,

Dear Colleagues,

I want to start by expressing heartfelt due to the Saudi Presidency and particularly Your Majesty King Salman for the large efforts in internet hosting this summit.

This outgoing 12 months, humanity has skilled essentially the most critical international pandemic in a century. Over a million folks have misplaced their lives. The world economic system is in recession. Societies and livelihoods are taking an enormous hit. The affect of COVID-19 is even worse than that of the 2008 international monetary disaster.

The G20 has taken swift actions within the wake of COVID-19. At the Extraordinary Summit earlier this 12 months, we agreed to step up cooperation to combat the pandemic. We agreed to advance the R&D of medicines and vaccines, preserve financial and monetary stability, preserve the commercial and provide chains open, and ease the debt burden of creating international locations. These measures have given the world confidence and charted the course for worldwide cooperation in opposition to the virus. In this international battle, the G20 has as soon as once more performed an vital and, certainly, irreplaceable function.

As we converse, the pandemic remains to be wreaking havoc the world over, and a few international locations face the specter of a second wave of infections. To comprise the virus, stabilize the economic system and defend livelihood stays an extended and arduous journey for all international locations. In the meantime, the worldwide structure is evolving at a sooner tempo. Rising unilateralism and protectionism are inflicting disruptions to international industrial and provide chains. While containing the virus on an ongoing foundation, we should additionally stabilize and restore financial progress. For the G20, I consider extra efforts are wanted within the following areas:

First, construct a world firewall in opposition to COVID-19. We should first put the illness below management at house and, on that foundation, strengthen exchanges and cooperation to assist international locations in want. Several G20 members have made progress in vaccine R&D and manufacturing. We ought to velocity up motion and assist the WHO in mobilizing and consolidating assets and distributing vaccines pretty and effectively. China actively helps and participates in worldwide cooperation on COVID-19 vaccines. We have joined the COVAX facility and stand able to step up cooperation with different international locations on the R&D, manufacturing and distribution of vaccines. We will honor our dedication of giving help and assist to different creating international locations, and work to make vaccines a world public good accessible and reasonably priced to folks around the globe.

Second, guarantee the graceful functioning of the worldwide economic system. While containing the virus, we have to restore the safe and easy operation of worldwide industrial and provide chains. We want to cut back tariffs and obstacles, and discover the liberalization of commerce of key medical provides. We must additional harmonize insurance policies and requirements and set up “fast tracks” to facilitate the orderly circulate of personnel. China has proposed a world mechanism on the mutual recognition of well being certificates based mostly on nucleic acid check leads to the type of internationally accepted QR codes. We hope extra international locations will be a part of this mechanism. We additionally assist the G20 in finishing up institutionalized cooperation and constructing international cooperation networks to facilitate the circulate of personnel and items.

Third, harness the function of the digital economic system. COVID-19 has fueled the increase of recent applied sciences, new enterprise kinds and new platforms comparable to 5G, synthetic intelligence (AI) and good cities, and accelerated the event of a contact-free economic system like on-line buying, on-line schooling and telemedicine. All this opens new pathways for financial progress. We should adapt to vary and switch disaster into alternative. We could deepen structural reform and domesticate new progress drivers by way of scientific and technological innovation and digital transformation. We may foster an enabling surroundings for the event of the digital economic system, improve information safety cooperation, strengthen the digital infrastructure, and degree the enjoying subject for high-tech corporations from all international locations. Meanwhile, we have to deal with the challenges posed by the digital economic system to employment, taxation and susceptible teams, and search to bridge the digital divide.

Fourth, pursue extra inclusive growth. We ought to preserve our assist for creating international locations and assist them overcome the hardships attributable to the pandemic. In spite of its personal difficulties, China has totally carried out the Debt Service Suspension Initiative (DSSI) and postpone debt reimbursement totaling over US$1.three billion. China helps the choice on DSSI extension and can proceed to work with different events for its full implementation. Meanwhile, China will enhance the extent of debt suspension and aid for international locations going through specific difficulties and encourage its monetary establishments to supply new financing assist on a voluntary foundation and in response to market ideas. We ought to assist ladies stroll out of the shadow of the pandemic, deal with their particular wants, and implement the Beijing Declaration and Platform for Action. China has proposed the convening of one other Global Leaders’ Meeting on Gender Equality and Women’s Empowerment in 2025 to contribute to ladies’s growth within the post-COVID period. It can be very important that we take the problem of meals safety critically and assist the UN in holding the Food Systems Summit subsequent 12 months. In this connection, China proposes the holding of a world convention on meals loss and waste in the end, and welcomes the energetic participation of G20 members and related worldwide organizations.

Colleagues,

The grave problem of COVID-19 has uncovered the deficiencies of worldwide governance. The worldwide neighborhood has a eager curiosity within the post-COVID worldwide order and international governance in addition to the long run function for the G20. In my view, the precept of in depth session, joint contribution and shared advantages ought to information our manner ahead. We ought to uphold multilateralism, pursue openness and inclusiveness, promote mutually useful cooperation and preserve tempo with the occasions. The G20 should play an even bigger function on this course of.

First, we have to strengthen the UN-centered worldwide system. The UN is the core establishment for addressing worldwide affairs by way of cooperation. All international locations ought to firmly assist the UN’s authority and standing, comply with the needs and ideas of its Charter, and uphold the worldwide order underpinned by worldwide regulation. We assist the UN in additional successfully constructing international consensus, mobilizing international assets and coordinating international actions. We assist an even bigger function of the UN in selling world peace and growth.

Second, we have to enhance the governance structure for financial globalization. We ought to firmly safeguard the rules-based multilateral buying and selling system that’s clear, nondiscriminatory, open and inclusive, and assist the reform of the WTO to reinforce its effectiveness and authority. We ought to promote free commerce, oppose unilateralism and protectionism, uphold honest competitors, and defend the event rights, pursuits and house of creating international locations. We ought to proceed the reform of the worldwide monetary system, conclude the IMF’s 16th General Quota Review on schedule, broaden the function of the Special Drawing Rights, buttress the worldwide monetary security web, and lift the illustration and voice of creating international locations. We also needs to deal with the challenges to financial globalization head-on, and make it extra open, inclusive, balanced and useful to all.

Third, we have to promote the sound growth of the digital economic system. To deal with international locations’ considerations on information safety, the digital divide, private privateness and ethics, we should always undertake people-centered and facts-based insurance policies to encourage innovation and construct belief. We ought to assist the UN’s management function on this subject, and work collectively to foster an open, honest, simply and nondiscriminatory surroundings for constructing the digital economic system. Recently, China launched the Global Initiative on Data Security. We may fit on that foundation and be a part of different events for discussing and formulating guidelines on international digital governance. China helps elevated dialogue on AI, and proposes a gathering on this in the end to advance the G20 AI Principles and set the course for the wholesome growth of AI globally. The G20 additionally wants to debate creating the requirements and ideas for central financial institution digital currencies with an open and accommodating perspective, and correctly deal with all kinds of dangers and challenges whereas pushing collectively for the event of the worldwide financial system.

Fourth, we have to construct up capacities for tackling international challenges. The most urgent job of the second is to shore up the worldwide public well being system and comprise COVID-19 and different infectious ailments. We want to reinforce the function of the WHO, enhance pandemic preparedness and response, forge a robust defend for human well being and security, and construct a world neighborhood of well being for all. We must scale up worldwide cooperation on ecology and surroundings to guard the planet Earth, our solely homeland. We must additional curtail the manufacturing and use of non-essential, disposable plastic items. COP26 of the UN Framework Convention on Climate Change and COP15 of the Convention on Biological Diversity, each to be held subsequent 12 months, could function alternatives for forging broader consensus and stronger synergy in constructing a clear and delightful world the place man and nature coexist in concord. China calls for an entire ban on unlawful commerce of wildlife and for stronger exchanges and cooperation on the safety of untamed fauna and flora.

Colleagues,

Building on its main strategic features in preventing COVID-19, China has made regular strides in financial growth. The just lately concluded Fifth Plenary Session of the 19th CPC Central Committee adopted suggestions for formulating China’s 14th five-year plan. The plenum underscored that China will end constructing a reasonably affluent society in all respects inside the set time-frame, and can embark on a brand new journey subsequent 12 months towards totally constructing a contemporary socialist nation. Based on a scientific evaluation of the brand new stage of China’s growth, we’ll keep dedicated to the brand new growth philosophy, and actively foster a brand new growth paradigm with home circulation because the mainstay and home and worldwide circulations reinforcing one another. This new growth paradigm is in no way a closed-door coverage. Instead, it urges efforts on each the provision and demand sides to make sure unimpeded circulate in manufacturing, distribution, change and consumption. While making the Chinese economic system extra resilient and aggressive, it additionally goals to construct a brand new system of open economic system of upper requirements. This will create extra alternatives for the world to profit from China’s high-quality growth.

China will at all times be a builder of worldwide peace, a contributor to international growth and a defender of worldwide order. On the premise of mutual respect, equality and mutual profit, China stands able to pursue peaceable coexistence and customary growth with all international locations. We could bridge variations by way of dialogue, resolve disputes by way of negotiation, and make a joint effort for world peace and growth.

Colleagues,

As a Chinese poem reads, “Past a fallen ship, one thousand sail onward; for a sick tree, ten thousand thrive by spring.” I consider that when COVID-19 is over, our world will rise from the pandemic and emerge even stronger. In that spirit, allow us to be a part of fingers to ship a greater life for our folks and construct a neighborhood with a shared future for mankind.

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