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Xinhua News Agency, Riyadh, Oct. 13 (Reporter Tu Yifan) Yusuf Benian, Chairman of the Group of Twenty (B20) Business Summit and Vice Chairman and CEO of Saudi Basic Industries Corporation, was recently interviewed by reporters from the agency Xinhua News. He said that only through the cooperation of governments, multilateral organizations and global companies can the new corona epidemic be effectively controlled.
Benian said it is clear that to successfully combat the epidemic, local, regional and international cooperation and coordinated actions must be carried out. This includes working with multilateral organizations to ensure that relevant policies are fair and equitable and can benefit all countries, including developing countries. A well-functioning rules-based multilateral system helps promote international trade and investment and creates an open, free and transparent environment for all participants.
On May 10, in Cairo, Egypt’s capital, workers moved anti-epidemic materials with the help of the Chinese government. (Photo by Xinhua News Agency reporter Wu Huiwo)
He said the world urgently needs the leaders of all countries to work together to face the epidemic in unity. Governments of all countries should seize this opportunity to review and order their respective policies, regulations and support measures for economic recovery in a timely manner, accelerate structural reforms, and maintain the basic principles of the global market economy.
Benian said that, as the official G20 organization in the business community, the B20 has made policy recommendations to respond to the epidemic. Its objectives include maintaining financial stability by ensuring an open supply chain and revitalizing strategically important industries. And inclusive ways of using digital technology, etc.
Speaking that the Chinese economy is taking the lead in a stable recovery from the epidemic, Benian said: “I have said many times that I am deeply encouraged by the efforts of the Chinese people in all aspects of this crisis. It is precisely because of the efforts and the dedication of the Chinese people, China’s economy has achieved a rapid recovery. We hope to continue to see China’s economic recovery, which will make an important contribution to the recovery of the world economy. “
Benian also said that the uncertainty of the global economy will continue for some time, and that the demand for goods and services may take a long time to return to the pre-epidemic level, and there will be big differences between different industries.
“Controlling the short-term impact of the epidemic is urgent, but long-term investment in environmental sustainability and social inclusion is essential. We are now placing more importance than ever on the United Nations 2030 Sustainable Development Goals, the Chinese people and Chinese enterprises. It can play a very important role in helping to achieve these goals. “
Benian also said that Saudi Arabia and China have carried out extensive cooperation in various fields and that bilateral relations have continuously advanced in cooperation in regional and international affairs. During Saudi Arabia’s rotating presidency of the Group of Twenty, China’s voice has received much attention, and China has played an important role in the work of the B20. “I want to reiterate that the cooperation of business leaders around the world and the broad participation of various stakeholders in China have enriched the results of our efforts.”
On April 15, the Chinese team of medical experts fighting the epidemic in Saudi Arabia departed from Yinchuan, Ningxia, where staff send medical supplies to help Saudi Arabia. (Photo by Xinhua News Agency reporter Feng Kaihua)
He said that on the one hand, China is willing to share its best practice experience, while actively participating in all aspects of global governance. Chinese companies have performed well in the B20 work area. For example, in terms of digitization, China has been in a leading position for many years and has achieved outstanding results in areas such as e-commerce and digital payments.
Benian said that the B20 Digitization Working Group emphasizes the importance of promoting digital transformation. Its policy recommendations aim to accelerate the realization of digital transformation by preparing everyone for the digital future, promoting innovation and investment, and protecting data privacy and security.
“In the process of fighting the epidemic, China has developed rapidly in the fields of Internet education and Internet health care. China’s experience may be a reference for other countries,” Benian said.
