Xi proposes BRICS solutions for combating COVID-19, reviving world economy
2020-11-18 09:05:00

Chinese President Xi Jinping attends the 12th BRICS summit via video link in Beijing, capital of China, Nov. 17, 2020. Xi delivered an important speech at the summit. (Xinhua/Li Xueren)

-- "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," Xi said.

-- China has joined the COVAX facility and will actively consider providing vaccines to BRICS countries where there is a need, Xi said.

-- Xi said China will work with other parties to flesh out the BRICS partnership on the new industrial revolution at a faster pace, citing upcoming measures including the launch of an innovation center in Xiamen, Fujian Province for such partnership.

-- Xi said the world can "count on China" to keep its promise of peaking carbon dioxide emissions by 2030 and achieving carbon neutrality by 2060.

BEIJING, Nov. 17  -- Chinese President Xi Jinping Tuesday called on BRICS countries to uphold multilateralism and work in solidarity to overcome global challenges including the COVID-19 pandemic and a virus-hit world economy.

Addressing the 12th BRICS summit via video link in Beijing, Xi took swipes at the rising protectionism, unilateralism and acts of bullying, as well as stigmatization and scapegoating amid the pandemic.

Proposing solutions for reviving the economy, including low-carbon development, Xi said the world can count on China to keep its promise of achieving carbon neutrality by 2060.

The virtual summit of the emerging-market bloc that groups Brazil, Russia, India, China and South Africa was convened as COVID-19 continues to rage across the globe, sickening 55 million people worldwide, killing 1.3 million and battering the world economy.

According to a prediction by the International Monetary Fund, the world economy will shrink by 4.4 percent this year, and emerging markets and developing countries will experience negative growth for the first time in 60 years.

The BRICS countries are home to over 40 percent of the world population and about one-fourth of the world economy.

MULTILATERALISM FOR PEACE, STABILITY

Xi enumerated a series of challenges the world is facing, including the pandemic, shrinking international trade and investment, a global recession, unilateralism, protectionism, acts of bullying and widening deficit in governance, trust, development, and peace.

"Despite all this, we remain convinced that the theme of our times -- peace and development -- has not changed, and that the trend toward multipolarity and economic globalization cannot be turned around," he said.

"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," Xi said.

"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," he said.

Xi called on the BRICS countries to hold high the banner of multilateralism, endeavour to safeguard the UN-centered international system and the international order underpinned by international law.

The BRICS countries need to champion the concept of common, comprehensive, cooperative and sustainable security, Xi said, urging the bloc to oppose interference in others' internal affairs, as well as unilateral sanctions and "long-arm jurisdiction."

Source: Xinhua Editor: Hiram