Home News Xi Jinping: Shaping a favorable development environment to practice genuine multilateralism | Morning Post

Xi Jinping: Shaping a favorable development environment to practice genuine multilateralism | Morning Post

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Xi Jinping: Shaping a favorable development environment to practice genuine multilateralism | Morning Post

Chinese President Xi Jinping said that it is necessary to seize opportunities, face challenges head-on, create a favorable environment for development, and practice genuine multilateralism.

According to the official website of the Chinese Ministry of Foreign Affairs, Chinese President Xi Jinping was invited to attend the plenary session of the 25th St. Petersburg International Economic Forum by video last night (17th) and delivered a speech.

Xi Jinping pointed out that at present, the world has undergone a century of changes and the epidemic has been superimposed in the century. Economic globalization has encountered adverse currents, and the implementation of the United Nations’ 2030 Agenda for Sustainable Development is facing unprecedented challenges. The international community is eager to achieve more equitable, sustainable and secure development. “We must seize opportunities, face challenges head-on, promote the implementation of global development initiatives, and jointly create a bright future of shared peace and prosperity.”

First, create a favorable environment for development. It is necessary to practice genuine multilateralism, respect and support all countries in taking a development path that suits their own national conditions, build an open world economy, enhance the representation and voice of emerging market countries and developing countries in global economic governance, and promote global balance, Coordinated and inclusive development.

Second, to boost development partnerships. It is necessary to strengthen North-South cooperation and South-South cooperation, pool cooperation resources, platforms and development partner networks, increase development assistance, form development synergy, and bridge the development gap.

Third, promote the process of economic globalization. It is necessary to strengthen the soft connection of development policies, international rules and standards, abandon decoupling, supply cuts, unilateral sanctions, and extreme pressure, remove trade barriers, maintain the stability of global industrial and supply chains, and work together to deal with the increasingly severe food and energy crises. The world economy recovers.

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Fourth, adhere to innovation-driven. It is necessary to tap the potential of innovation and growth, improve the rules and institutional environment for innovation, break down barriers to the flow of innovation elements, deepen innovation exchanges and cooperation, promote the deep integration of science and technology with the economy, and share innovation results.

Xi Jinping pointed out that the fundamentals of China‘s economy with strong resilience, ample potential and long-term improvement have not changed, and everyone has full confidence in China‘s economic development. China will continue to promote high-quality development, unswervingly expand high-level opening up, and promote high-quality joint construction of the “Belt and Road”. China is willing to work with countries around the world, including Russia, to jointly create development prospects, share growth opportunities, and make new contributions to deepening global development cooperation and promoting the building of a community with a shared future for mankind.

The 25th St. Petersburg International Economic Forum plenary session was held in St. Petersburg, Russia on June 17 in a combined online and offline manner. Russian President Vladimir Putin, Egyptian President Sisi, and Kazakh President Tokayev were present.

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