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"In my view, the principle of extensive consultation, joint contribution and shared benefits should guide our way forward," Chinese President Xi Jinping said Saturday at the Group of 20 (G20) Leaders' Summit via video link. "We should uphold multilateralism, pursue openness and inclusiveness, promote mutually beneficial cooperation and keep pace with the times."

Administrative departments must determine acts of bad faith on the basis of legally binding documents. The scope and procedures for sharing credit information shall be standardized. The principle of legality and necessity shall be observed when deciding whether and to what extent credit information is shared and disclosed. Such decisions shall be made clear when compiling the credit information catalog.

To facilitate a joint fight against COVID-19 and contribute to regional economic recovery, China supports APEC in strengthening policy exchanges and capacity building in the areas of public health and micro, small and medium-sized enterprises. It also proposes telemedicine for the timely and effective treatment of patients in poverty-stricken and remote regions.

Despite the deliberate disruptions by the DPP authority in Taiwan and foreign forces, the cross-Strait relations have still seen progress this year, said Gao Xiang, vice president of the Chinese Academy of Social Sciences (CASS), in his address to the forum.

He also called for following a global governance philosophy emphasizing extensive consultation, joint contribution and shared benefits, and jointly safeguarding multilateralism.