Home News Wang Yi said that G20 members should adopt responsible macroeconomic policies to avoid spillover of the negative effects of their own actions | Reuters

Wang Yi said that G20 members should adopt responsible macroeconomic policies to avoid spillover of the negative effects of their own actions | Reuters

by news dir

Reuters, Beijing, June 29-Chinese State Councilor and Foreign Minister Wang Yi attended the Group of Twenty (G20) Foreign Ministers’ Meeting in Beijing on Tuesday. He pointed out that G20 members should adopt responsible macroeconomic policies to avoid the spillover of the negative effects of their own actions and ensure the stable operation of the international economic and financial system.

A press release published on the Ministry of Foreign Affairs website quoted Wang Yi and stated that China has provided more than 450 million doses of vaccines to nearly 100 countries so far. China calls on countries with the ability to avoid export restrictions or excessive hoarding and make due diligence to eliminate the “immunization gap.” contribution.

“We must unswervingly build an open world economy, actively maintain the security and stability of the global industrial chain and supply chain, and prevent fragmentation of the international market, politicization of cooperation mechanisms, and ideology of rules and standards.” Wang Yi said.

Guo Shuqing, Secretary of the Party Committee of the People’s Bank of China and Chairman of the China Banking and Insurance Regulatory Commission, on June 10, at the Lujiazui Forum in Shanghai, detailed the “five crimes” of the unconventional easing measures in developed economies, including the sharp rise in financial asset prices and the onset of inflation. The accompanying negative effects need to be borne by the whole world.

Wang Yi pointed out that the G20 should take the lead in practicing true multilateralism, adhere to openness and inclusiveness, and oppose isolation and exclusivity; adhere to win-win cooperation and oppose zero-sum games.

“Multilateralism is not a high-sounding slogan, let alone a package for unilateralism,” he said. (Finish)

For more details, please click on the website link of the Ministry of Foreign Affairs www.fmprc.gov.cn/web/wjbzhd/

Qiao Yanhong; Reviewer Wu Yunling

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