Xi Jinping calls for efforts to build world without poverty

CGTN

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Chinese President Xi Jinping has called for great efforts to build a world of shared prosperity and zero poverty, as G20 leaders are stepping up efforts to help poor and highly indebted countries.

The economic impact of the COVID-19 pandemic dominated the agenda of the two-day G20 Summit under the chairmanship of Saudi Arabia.

The global pandemic has thrown the global economy into a deep recession this year, and G20 leaders are urged to make efforts to underpin an economic rebound in 2021.

Speaking at Sunday's meeting, Xi said G20 countries must prioritize development to end global poverty and provide debt relief for developing countries.

Xi said development is the key to eliminating poverty. G20 members must prioritize the agenda of development in global macro-policy coordination and implement the 2030 Agenda for Sustainable Development, he said.

G20 countries must reduce the debt burden of developing countries and continue to provide them with necessary financing support so as to increase their capability to reduce poverty, Xi said.

Addressing the summit on Saturday, Xi said

China supports a G20 decision on the extension of the Debt Service Suspension Initiative

, and will continue to fully implement it along with other parties.

Xi said China has fully implemented the G20 Debt Service Suspension Initiative, with the total amount exceeding $1.3 billion.

He also pledged that China will strengthen measures on debt suspension and relief for countries with real difficulties.

Speaking of the vulnerable groups, Xi said G20 countries should give full play to the digital economy and provide more opportunities to small and medium-sized companies, women and young people.

China is en route to delivering its target of eradicating poverty in rural areas and eliminating regional poverty by 2020.

China will achieve the goal 10 years ahead of the United Nations Sustainable Development Goals' target of ending global poverty by 2030, Xi said.

China is willing to work with other countries to build a world of common prosperity and zero poverty, he added.

Earlier at

the G20 leaders' side event on safeguarding the planet

, Xi pledged that China will make more efforts to tackle climate and other environmental challenges and protect the planet.

Xi said China will fully implement the Paris Agreement, and is committed to realizing its goal to achieve carbon neutrality by 2060. China supports the shift to low-carbon energy in the post-COVID era to achieve the goal of Sustainable Energy for All, he said.

China supports deepening G20 cooperation in reducing land degradation, conserving coral reefs, and cleaning up plastic from the ocean, Xi added.

Speaking of the 15th meeting of the Conference of the Parties to the Convention on Biological Diversity, to be held in China's Kunming in May next year, Xi said China hopes the meeting will set goals and take actions to defend global biodiversity.