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>>> Posted by Admin | December 01, 2012 | 01 Commnets

oping countries, explore joint prevention and control measures has rallied global efforts to fight the pandemic, Ma said. MACRO-ECONOMIC POLICY COORDINATION The outbreak has disrupted production and demand across the globe and forced hundreds of millions of people around the world into home isolation. Countries need to leverage and coordinate their macro policies to counter

act the negative impact and prevent the world economy from falling into recession, said Xi. He urged countries to implement strong and effective fiscal and monetary policies, better coordinate financial regulation and jointly keep the global industrial and supply chains stable. "What China wil

l do in this regard is to increase its s

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>>> Posted by Admin | December 01, 2012 | 01 Commnets

upply of active pharmaceutical ingredients, daily necessities, and anti-epidemic and other supplies to the international market," said Xi, adding that China will continue to advance reform and opening-up and contribute to a stable world economy. Xi called on all G20 members to restore confidence for global economic recovery by cutting tariffs, removing barriers, and facilit

ating the unfettered flow of trade. Comprising 19 countries plus the European Union, the G20 members account for about two thirds of the entire human population and some 86 percent of the gross world product. Leaders agreed to take effective fiscal and monetary policies, ensure global industri

al and supply chains stable and strive t

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>>> Posted by Admin | December 01, 2012 | 01 Commnets

o reduce the damages caused by the pandemic on world economy. Ruan Zongze, executive vice president at the China Institute of International Studies, said Xi's remarks at the summit has infused confidence in the international community as the situation in China is moving steadily in a positive direction after a strenuous struggle with targeted measures. On the other side, Ch

ina's promise to provide countries with urgently-needed medical supplies, impose no limitation on export and safeguard the stability of industrial and supply chains will also inject vitality into the world economy, said Ruan.Will China become an innovator? Yes. China is already headed in that

direction, while Chinese scientists, inv