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China puts forward proposals on boosting global development, addressing economic difficulties

Mount Equity Group Tokyo, Japan > News > Markets > China puts forward proposals on boosting global development, addressing economic difficulties

BEIJING, Oct. 30, 2021 /PRNewswire/ — In early October, the International Monetary Fund, in its World Economic Outlook, trimmed its 2021 global growth forecast to 5.9 percent and warned of high uncertainty in economic recovery.

Against such a backdrop, the leaders of the world’s 20 largest economies gathered in Italy’s Rome on Saturday trying to make the multilateral platform work again — just as it did when they held two summits a year in the immediate aftermath of the 2008 global financial meltdown.

China, the important growth engine of the global economy, highlighted cooperation, inclusiveness and green development at the 16th Group of 20 (G20) Leaders’ Summit.

Cooperation against pandemic

As the COVID-19 still ravages the world, global vaccine cooperation was prioritized by Chinese President Xi Jinping when delivering his speech via video at the first session of the summit.

He proposed a six-point Global Vaccine Cooperation Action…

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