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Thursday, March 26, 2020, 23:02
Xi calls on G20 countries to join forces to fend off recession
By China Daily & Xinhua
Thursday, March 26, 2020, 23:02 By China Daily & Xinhua

President Xi Jinping attends the 14th G20 summit held in Osaka, Japan, in this June 28, 2019 file photo. (PHOTO/XINHUA)

BEIJING - President Xi Jinping on Thursday called on all the G20 members to enhance coordination of macro policies to prevent a recession of the global economy under the influence of the novel coronavirus pneumonia.

Xi made the remarks while delivering a speech at the G20 Extraordinary Leaders' Summit on COVID-19. The summit, in the form of a video conference, is the first of its kind under the G20 framework.

READ MORE: China actively shares anti-virus experience with the world

Noting that the outbreak has disrupted production and demand across the globe, Xi said countries need to leverage and coordinate their macro policies to counteract the negative impact and prevent the world economy from falling into recession.   

He called on countries to implement strong and effective fiscal and monetary policies, better coordinate financial regulation and jointly keep the global industrial and supply chains stable.  .

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

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

China will continue to carry out positive fiscal policy and stable monetary policy, steadily promote reform and opening-up, ease market access and improve the business environment, increase imports, and expand outbound investment, thus making contributions to stabilizing the global economy, he said.

China supports international organizations in playing their active roles in the fight against the novel coronavirus disease. 

He said that virus respects no borders, stressing that all must work together to build a strongest global network of control and treatment that the world has ever seen.

"This is a virus that respects no borders. The outbreak we are battling is our common enemy," Xi said.   

China has set up its online COVID-19 knowledge center that is open to all countries, Xi said.

ALSO READ: Xi appreciates WHO chief's efforts in epidemic fight

China received assistance and help from a lot of members of the global community at the most difficult moment in its fight against the COVID-19 outbreak, and that Chinese people always remeber and cherish friendship, Xi said.

"Such expressions of friendship will always be remembered and cherished by the Chinese people," Xi said. 

An Baijie contributed to this report

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