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Xi put forward a set of proposals for the G20's role in the post-COVID international order and global governance in his speech, delivering "a message of hope" to the G20 meeting, which is hosted by Saudi Arabia via video link on Nov. 21-22, said William Jones, Washington bureau chief of the U.S. publication Executive Intelligence Review.
He also hoped that the OECD would continue to make full use of its advantages and promote robust, sustainable, balanced, and inclusive development of the world economy.
He also conveyed his hope that the new round of China-Germany intergovernmental consultations will make plans for the two countries' cooperation in various fields.
Building on its major strategic gains in fighting COVID-19, China has made steady strides in economic development. The recently concluded Fifth Plenary Session of the 19th CPC Central Committee adopted recommendations for formulating China’s 14th five-year plan. The plenum underscored that China will finish building a moderately prosperous society in all respects within the set time frame, and will embark on a new journey next year toward fully building a modern socialist country. Based on a scientific analysis of the new stage of China’s development, we will stay committed to the new development philosophy, and actively foster a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other. This new development paradigm is by no means a closed-door policy. Instead, it urges efforts on both the supply and demand sides to ensure unimpeded flow in production, distribution, exchange and consumption. While making the Chinese economy more resilient and competitive, it also aims to build a new system of open economy of higher standards. This will create more opportunities for the world to benefit from China’s high-quality development.
Xi attended the meetings of BRICS, the Asia-Pacific Economic Cooperation (APEC) and the Group of 20 (G20) via video link from Nov. 17 to 22.