Source: China Radio and Television Corporation International Online
Editor: Zhao Yan
Chinese Foreign Ministry spokesperson Hua Chunying announced on the 29th that at the invitation of Prime Minister Draghi of the Italian Republic, Chinese President Xi Jinping will attend the 16th G20 Summit held from October 30 to 31 in Beijing by video and deliver an important speech. The theme of the summit is "People, The Earth and Prosperity", which is in line with China's concept of adhering to the people-centered approach and promoting the construction of a community with a shared future for mankind.
The G20, which accounts for two-thirds of the world's population and accounts for 85% and 75% of the world's economic output and trade, is considered a "fire brigade" to save the world from crises. The global financial crisis that occurred in 2008 was the same effort by the G20 to put the world economy back on track, which had slipped to the precipice.
The IMF believes that special policy measures led by G20 economies and COVID-19 vaccines are underpinning the global economic recovery, but new viral variants, inflation and supply chain disruptions pose downside risks. WTO Director-General Ivira said G20 leadership was crucial to restoring robust and sustainable economic growth.
In addition, as a multilateral organization representing the world's major economies, the G20 has also placed high hopes on the outside world in upholding multilateralism. Italian Foreign Minister Luigi Di Maio, who holds the G20 presidency, expressed support for "effective multilateralism under the auspices of the United Nations". Ren Lin, director of the Global Governance Office of the Institute of World Economics and Politics of the Chinese Academy of Social Sciences, believes that at present, overcoming the trust deficit and peace deficit between major countries and building a lasting and peaceful world is the premise and guarantee for resolving many major international problems. (Hot Spot Watch Commentator)
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