Xi Jinping calls for tackling current challenges together at G20 summit

Chinese President Xi Jinping said at the G20 summit on Tuesday that in the face of serious challenges, all countries should bear in mind that humanity is a community with a shared destiny, working for peace, development and cooperation. mutually beneficial.

In his speech entitled “Together to face the challenges of our time and build a brighter future”, he underlined that we are experiencing today changes unprecedented in a century, which are significant for the world, the time and the world. ‘story.

Xi noted that the COVID-19 pandemic is still here, with cases breaking out here and there, the global economy is becoming increasingly fragile, the geopolitical environment is still tense, global governance is seriously inadequate and that the food and energy crises feed off each other. All this poses serious challenges to the development of humanity.

Urging all countries to replace divisions with solidarity, confrontation with cooperation and exclusion with inclusion, he called for finding together the answer to the questions of our time – “What is wrong in this world? What to do?” – to overcome difficulties and build a better future together.

Recalling that the members of the G20 are all major international and regional players, the Chinese president stressed the need for them to live up to their responsibilities, set an example and work for the development of all countries, to the well-being of mankind and to the progress of the world.

He stressed the need to promote more inclusive global development, saying that unity is strength, while divisions lead nowhere.

“We all live in the same global village and must stand together in the face of all kinds of risks and challenges,” Xi said, adding that ideological divides, bloc politics and confrontation between them only divide the world. , hinder its development and the progress of mankind.

“Human civilization has entered the 21st century, and the Cold War mentality has long been obsolete. We should work hand in hand to open up new horizons of mutually beneficial cooperation,” he said.

‘Countries should respect each other, seek common ground across differences, strive for peaceful coexistence, promote the construction of an open world economy, and refrain from acting to the detriment of others, building’ a small garden with high fences’ or to create small exclusive circles”, he added.

The G20 must remain faithful to its initial commitment to solidarity and cooperation, embody a spirit of solidarity in the face of difficulties and maintain the idea of ​​consensus. Division and confrontation are in no one’s interest and coexistence in solidarity is the right choice to make, according to the Chinese president.

Xi Jinping also stressed the need to promote more beneficial global development for all, saying that real development is the common development of all countries.

Prosperity and stability in the world cannot be achieved on the basis of the impoverishment of the poor and the enrichment of the rich. Having a happy life is the common aspiration of all countries, and modernization is not the privilege of any one country, he said.

“Leading countries should sincerely help others to develop and provide more global public goods. Leading countries should assume their responsibilities and give their best for the cause of global development,” continued Mr Xi.

China has proposed the Global Development Initiative and set up the Fund for Global Development and South-South Cooperation. It will increase its contributions to the China-UN Fund for Peace and Development and work with more than 100 countries and international organizations to advance this initiative, in order to give new impetus to the implementation of the 2030 Agenda of the UN for Sustainable Development, according to Xi.

He called for promoting more resilient global development, saying economic globalization faces headwinds and the global economy is at risk of recession.

Life is difficult for everyone, especially for developing countries, he said, adding that “more than ever, we should attach great importance to development”.

“We need to build a global partnership for economic recovery, put development first, put people at the center of our action, and always take into account the difficulties and concerns of developing countries,” Xi said, adding that China supported African Union membership in the G20.

All parties should continue to deepen international cooperation against COVID-19, contain global inflation and combat systemic economic and financial risks and, above all, developed economies should minimize the negative fallout from the readjustment of their monetary policies, he wished.

International financial institutions and private creditors, the main creditors of developing countries, must participate in debt relief and suspension efforts for developing countries. China has fully implemented the G20 Initiative on Debt Service Suspension (ISSD), with the largest total of suspended payments among G20 members, thus providing support to affected developing countries in their efforts to overcome difficulties, Xi said.

“We must continue to safeguard the multilateral trading system centered on the WTO, actively push forward the reform of the WTO and promote the liberalization and facilitation of trade and investment,” he said.

China has also proposed an action plan on digital innovation and cooperation and wishes to work with various parties to create an open, fair and non-discriminatory environment for the development of the digital economy and to reduce the North-South digital divide, he added.

In the response to climate change and the transition to green and low-carbon development, it is necessary to respect the principle of common but differentiated responsibilities and provide support, particularly in terms of funds, technologies and capacity building to developing countries. development, Xi said.

It should continue to show zero tolerance for corruption and strengthen international cooperation on the repatriation of those wanted for corruption and the recovery of assets, according to the Chinese president.

Xi stressed that food and energy security is the most pressing challenge for global development. The root causes of the current crisis lie neither in production nor in demand, but in disrupted supply chains and international cooperation, he added.

According to him, to solve the problem, it is necessary to strengthen cooperation on the supervision and regulation of markets, to build partnerships on commodities, to build an open, stable and sustainable commodity market and to work together to smooth the chains. supply and stabilize market prices.

He called on all parties to firmly oppose the politicization and instrumentalization of food and energy issues and their use as a weapon, calling for the lifting of unilateral sanctions and restrictions on scientific and technologies involved.

The G20 should provide developing countries with necessary supports including production, collection, storage, funds and technology, Xi said.

Recalling that China had launched the Global Food Security Cooperation Initiative within the framework of the G20, he expressed the wish to deepen cooperation with the various parties in this field.

The Communist Party of China recently held its 20th National Congress and set the goals, missions and guiding policies for the development of the cause of the Party and the State for the next five years and beyond, he said. underline.

China is determined to follow the path of peaceful development, deepen the policy of reform and opening up, and promote the great rejuvenation of the Chinese nation through modernization in all respects.

China, which unceasingly advances towards modernization, will bring more opportunities to the world, give stronger impetus to international cooperation and make greater contribution to the progress of mankind, he said.

Wang Yi and He Lifeng attended the session.

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