At the 19th G20 Summit in Rio de Janeiro on November 18, 2024, Xi Jinping, President of the People's Republic of China, delivered a comprehensive speech titled \"Working Together for a Fair and Equitable Global Governance System\". Highlighting the G20's 16-year journey, Xi emphasized the collective efforts to navigate global financial crises, climate change, and the COVID-19 pandemic.
Xi outlined five key areas for enhancing global governance:
- Global Economic Governance: Promoting sustainable and inclusive growth through strengthened economic partnerships and macro policy coordination.
- Global Financial Governance: Increasing representation of developing countries in institutions like the World Bank and IMF, and enhancing financial stability through cooperation on digital currencies and sustainable finance.
- Global Trade Governance: Advocating for WTO reforms, opposing protectionism, and advancing e-commerce agreements to maintain an open global economy.
- Global Digital Governance: Leading digital transformation and AI governance to ensure technology benefits all, highlighted by the Shanghai Declaration on Global AI Governance.
- Global Ecological Governance: Committing to the Paris Agreement and promoting green energy transitions to achieve eco-friendly economic growth.
Additionally, Xi stressed the importance of global security governance, calling for the peaceful resolution of conflicts like the Ukraine crisis and the Palestinian-Israeli conflict through multilateral cooperation and the implementation of the two-state solution.
Concluding his speech, Xi urged G20 members to renew their commitment to partnership and multilateralism, aiming for a future of shared development and prosperity.
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Full text: Xi Jinping's speech during 2nd session of 19th G20 Summit
cgtn.com
