Xi's statements at UN meetings demonstrate China's global vision, firm commitment

PUT FORTH NEW PROPOSALS FOR GLOBAL ECONOMIC RECOVERY

Noting COVID-19 has taken a heavy toll on the economic and social development of all countries, while the backlash against globalization and rise of protectionism has aggravated the global downturn, Wang said Xi made proposals on effectively removing the main obstacles holding back global recovery and development at this critical moment.

Xi calls for remaining committed to building an open world economy, upholding the multilateral trading regime with the World Trade Organization as the cornerstone, and working to ensure the stable and smooth functioning of global industrial and supply chains demonstrate China's vision and sense of responsibility to forge ahead against all odds and charted the future course for the world economy, Wang said.

Meanwhile, the Chinese president underlined that China aims to foster, over time, a new development paradigm with domestic circulation as the mainstay and domestic and international circulations reinforcing each other, Wang said, adding that these statements reflected China's openness and readiness to share its huge market with the rest of the world, and projected its image as a responsible country promoting win-win cooperation through real actions.

Xi also made many important observations on the new round of scientific and technological revolution and industrial transformation and the transition to green and low-carbon development, Wang added.

"All this has pointed the way forward for the sound and sustained growth of the world economy," noted the state councilor.