CHINA Xi urges enhanced int'l macro-economic policy coordination to prevent recession

CHINA

Xi urges enhanced int'l macro-economic policy coordination to prevent recession

Xinhua

21:33, March 26, 2020

BEIJING, March 26 (Xinhua) -- Chinese President Xi Jinping on Thursday urged enhanced international macro-economic policy coordination to prevent the world economy from falling into recession.

Xi made the remarks in Beijing while attending the G20 Extraordinary Virtual Leaders' Summit on COVID-19 via video link.

Noting that the outbreak has disrupted production and demand across the globe, Xi said countries need to leverage and coordinate their macro policies to counteract the negative impact and prevent the world economy from falling into recession.

He called on countries to implement strong and effective fiscal and monetary policies, better coordinate financial regulation and jointly keep the global industrial and supply chains stable.


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