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Third, we need to promote the sound development of the digital economy. To address countries’ concerns on data security, the digital divide, personal privacy and ethics, we should adopt people-centered and facts-based policies to encourage innovation and build trust. We should support the UN’s leadership role in this field, and work together to foster an open, fair, just and nondiscriminatory environment for building the digital economy. Recently, China launched the Global Initiative on Data Security. We may work on that basis and join other parties for discussing and formulating rules on global digital governance. China supports increased dialogue on AI, and proposes a meeting on this in due course to advance the G20 AI Principles and set the course for the healthy development of AI globally. The G20 also needs to discuss developing the standards and principles for central bank digital currencies with an open and accommodating attitude, and properly handle all types of risks and challenges while pushing collectively for the development of the international monetary system.

Among those who received emergency vaccination in China, around 60,000 have gone to regions considered high-risk, and no serious infection cases emerged from these.

As the world is now facing a number of challenges, with the COVID-19 pandemic among the gravest ones, the responsibilities and actions of the G20 will be even more important, said Abdulaziz Alshaabani, a Saudi journalist and China expert.

Market access of individual credit reference agencies will be promoted in an active yet prudent manner, and openness of the credit reference sector will be scaled up. Matching regulations and supporting institutions for the credit reference sector shall be improved and accountability mechanism strengthened. Fraudulent credit rating shall be strictly punished according to law.

Your Majesty King Salman bin Abdulaziz Al Saud,