March 2020.
In international cooperation on joint prevention and control, it is essential that major countries take the initiative, fulfill their responsibilities and do their share of the work. China is ready to strengthen exchanges and cooperation with other countries including the US to jointly tackle this pandemic, especially in the fields of research, development, production and distribution of vaccines and drugs.
Managing the pandemic's impact on the world economy through cooperation. The global spread of the pandemic has impeded the flow of people, cross-border trade, and other economic activities, triggered fluctuations on the financial market, and delivered a blow to both the industrial and supply chains, making a severe global economic recession unavoidable. It is imperative that the international community work together to stabilize and rehabilitate the world economy. While continuing to heighten epidemic control, China is ready to join forces with other countries to address the deepening global recession, stepping up international coordination on macroeconomic policies, and jointly safeguarding the stable, secure and smooth operation of international industrial and supply chains.
Covid-19 is changing the form but not the general trend of economic globalization. Decoupling, erecting walls and deglobalization may divide the world, but will not do any good to those who themselves are engaged in these acts. China believes that the international community should proceed with globalization, safeguard the multilateral trading system based on the WTO, cut tariffs, remove barriers, facilitate the flow of trade, and keep international industrial and supply chains secure and smooth. Countries also need to implement strong and effective fiscal and monetary policies, better coordinate financial regulation to keep global financial markets stable, and thus prevent a global financial crisis that may consequently plunge the world economy into a massive, protracted recession. China will continue to supply the international market with anti-epidemic materials, pharmaceutical ingredients, daily necessities, and other supplies. At the same time, China will continue to advance reform and opening up, expand imports and outbound investment, and thereby contribute further to other countries' fight against the virus and to a stable world economy.
Assisting weaker countries and regions. Without assistance, developing countries with weaker public health systems in Asia, Africa and Latin America – especially Africa – will struggle to handle the daunting challenges posed by this pandemic. Helping them improve their capacity and performance in epidemic prevention and control should be a top priority in the global response. China calls on multilateral organizations including the UN, the WHO, the IMF and the World Bank to provide emergency aid to African countries, and calls
