China's solutions to global challenges: state councilor
Updated 09:42, 23-Nov-2020

Chinese State Councilor and Foreign Minister Wang Yi on Sunday said that Chinese President Xi Jinping was able to bring Chinese wisdom and vision in the search for solutions to global challenges including COVID-19, economic recovery, and growth opportunity as Xi participated in a series of key diplomatic events.

From November 17 to 22, Xi attended the 12th BRICS summit, the 27th Asia-Pacific Economic Cooperation (APEC) Economic Leaders' Meeting and the 15th Group of 20 (G20) summit through video links in Beijing.

Jointly fighting COVID-19

Xi made a comprehensive and systematic explanation of China's ideas and proposals for the global COVID-19 fight, Wang said.

Among the ideas and proposals were a people-centered development approach, solidarity and cooperation in fighting COVID-19, as well as support to the key leading role of the World Health Organization (WHO) in the fight, Wang said.

Xi reaffirmed that China will continue to actively support and participate in international cooperation on COVID-19 vaccines, materialize the COVAX facility backed by the WHO, share China's vaccines with other countries, particularly developing countries, and work to make vaccines a global public good accessible and affordable to people around the world, Wang said.

President Xi's proposals and initiatives injected momentum in international cooperation on the COVID-19 fight, and boosted humanity's confidence in triumphing over the pandemic, Wang said.

Economic recovery

Xi has put forward a package of solutions to facilitate global economic recovery, featuring openness, innovation, inclusiveness and green development, Wang said.

Wang said Xi also expounded on China's principled propositions on global economic governance at the G20 summit, highlighting the importance of the guiding principles, rules and mechanisms, as well as the digital economy.

Xi's speeches will play an important role in guiding changes to the global economic governance for now and the future, Wang said.

At the BRICS summit, Xi's speech boosted the confidence of emerging markets and developing countries in jointly addressing risks and challenges and injected more certainty and positive energy to a world filled with uncertainty.

At the APEC event, Xi said China welcomes the signing of the Regional Comprehensive Economic Partnership (RCEP) agreement and will give positive consideration to the idea of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

This important announcement once again demonstrated China's firm determination to further open up and was widely welcomed by the international community, Wang said.

New paradigm, new opportunity

Wang spoke of Xi's in-depth elaboration on China's new development paradigm of "dual circulation," where the domestic and overseas markets reinforce each other, with the domestic market as the mainstay.

Xi took the chance at the multilateral events to explain key issues related to this strategic decision, including the reason why China has to foster such a paradigm and what it means to the world, as well as policies and measures to open the country wider and willingness to share its development opportunities.

What Xi shared and offered demonstrated China's image as a country which has effectively coordinated COVID-19 control with economic and social development, been constantly improving its governance capacity and moving toward a brighter future, said Wang.

(Top image file photo: Chinese State Councilor and Foreign Minister Wang Yi during an exclusive interview with Xinhua News Agency on China-U.S. ties in Beijing, capital of China, August 5, 2020. /Xinhua)

(With input from Xinhua)