President Xi charts course for global economic governance, says foreign minister

Chinese President Xi Jinping has led a chorus for safeguarding multilateralism and charting the course for the world economy and global governance during his attendance at the 14th Group of 20 (G20) summit. 

Chinese State Councilor and Foreign Minister Wang Yi briefed the fruits on Saturday after President Xi returned to Beijing from the summit in Osaka, Japan.

Building support for a multilateral trading system

At the meeting, Xi called on all G20 members to uphold multilateralism so as to stay committed to the vision of consultation, cooperation and benefit for all in global governance. 

Wang considered these proposals important for G20 members to handle current challenges, and draw up plans for the future.


Xi's words of wisdom at the G20 summit, calling for more efforts to uphold the UN Charter, observe international law and the basic norms governing international relations, uphold the rules-based multilateral trading system with the World Trade Organization (WTO) as the core, drew wide attention and gained positive response from other G20 members, Wang said.

Leading G20 cooperation in the right direction

In line with the requirements of the time, Xi's proposals chart the course for the world economy, Wang said, adding that Xi's pursuit of development accommodates the legitimate aspirations of emerging markets and developing countries in the fields of infrastructure construction, the digital economy, climate-related risks and energy. 


Improving relations with major powers

Sitting down for talks with U.S. President Donald Trump, Xi agreed with his U.S. counterpart to jointly promote bilateral ties based on coordination, cooperation and stability with a decision to resume trade negotiations and hold off on implementing fresh tariffs.

Wang said the decision sends a positive signal to the international community and the global market.

Expounding bright future of Chinese development

In addition, Wang said that Xi's speeches and bilateral meetings at the G20 summit expounded China's vision and proposals on cooperation with other countries, deepening the world's understanding of China.