First, we need to uphold multilateralism, and safeguard peace and stability in our world. History teaches us that multilateralism, equity and justice can keep war and conflict at bay, while unilateralism and power politics will inflate dispute and confrontation. Flouting rules and laws, treading the path of unilateralism and bullying, and withdrawing from international organizations and agreements run counter to the will of the general public and trample on the legitimate rights and dignity of all nations.
Second, we need to enhance solidarity and coordination, and come together to meet the COVID-19 challenge. The coronavirus is still causing havoc in many places and waves of infection are resurging. Securing a worldwide victory against the pandemic remains an uphill journey. Nearly one year into the battle, many countries have gained important experience on COVID-19 containment and made encouraging progress in drugs and vaccine research and development (R&D). Our fight over the past year proves that as long as we stand in unity and follow science, we can control the spread of the virus and offset its impact.
Third, we need to pursue openness and innovation, and promote global economic recovery. The IMF predicts that the world economy will shrink by 4.4 percent this year, and that emerging markets and developing countries will experience negative growth for the first time in 60 years. To stabilize the economy while controlling the pandemic is the pressing task facing all countries. Under the precondition that safety is ensured, we must actively pursue economic recovery and seek to carry out economic and social activities in an orderly way as we fight the virus on an ongoing basis. We need to strengthen macroeconomic policy coordination, follow through on the initiative on facilitating cross-border flow of people and goods, and keep industrial and supply chains safe and open to better enable the resumption of business activities and economic recovery.
Fourth, we need to prioritize people’s livelihood, and promote sustainable global development. Development holds the master key to all problems. All our efforts, from clearing the impact of COVID-19 and getting back to a normal life, to ending conflicts and humanitarian crises, ultimately depend on people-centered development. According to World Bank forecast, global per capita income might drop 3.6 percent this year, and some 88 million to 115 million people might be pushed into extreme poverty due to the pandemic.
Fifth, we need to pursue green and low-carbon development, and strive for harmony between man and nature. Global warming will not stop due to COVID-19. To tackle climate change, we must never relax our efforts. We need to implement the Paris Agreement in good faith, stick to the principle of common but differentiated responsibilities, and provide more help to developing countries, particularly the small island developing states. China is prepared to take on international responsibilities befitting its level of development, and will continue to make extraordinary efforts to address climate change. Recently, I announced at the UN China’s initiative to scale up its nationally determined contributions and adopt more forceful policies and measures to strive to peak carbon dioxide emissions by 2030 and achieve carbon neutrality by 2060. You can count on China to keep its promise.
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