the world economy from falling into rec??ession, said Xi.
He urged countries to implement strong and?? effective fiscal and monetary policies, better coordinate ??financa
ial regulation and jointly keep the global industrial?? and supply chains stable.
"What China will do in this rega??rd is to increase its supply of active pharmaceuticalQ
ingre??dients, daily necessities, and anti-epidemic and other supp??lies to the international market," said Xi, adding that Chi??na will continue to advance reform and v
opening-up and contr??ibute to a stable world economy.
Xi called on all G20 membe??rs to restore confidence for global economic recovery by cu??tting tariffs, removing bC
arriers, and facilitating the unfe??ttered flow of trade.
Comprising 19 countries plus the Euro??pean Union, the G20 members account for about two thirds of?? the entire7
human population and some 86 percent of the gro??ss world product.
Leaders agreed to take effective fiscal a??nd monetary policies, ensure global industrial and supply A
c??hains stable and strive to reduce the damages caused 7
by the?? pandemic on world economy.
Ruan Zongze, executiv4
e vice pre??sident at the China Institute of InternationM