Page 10 - ON BUILDING A HUMAN COMMUNITY WITH A SHARED FUTURE

ON BUILDING A HUMAN COMMUNITY WITH A SHARED FUTURE

maximize positive spillovers while minimizing negative external impacts.
In addition, the encouragement of mutual learning would help address
asymmetries in systems, policies, and standards. We should also enhance
infrastructure interconnectivity. To this end, China has put forward
the global infrastructure connectivity alliance initiative and backed the
adoption of a joint declaration of aspirations in which multilateral
development banks agree to provide greater funds and intellectual
support for infrastructure projects, thus helping speed up the process
of connecting global infrastructure. We need to promote win-win
interconnectivity, further develop and optimize global value chains, and
increase the participation of all parties to create a chain of mutually
beneficial global growth.
Fourth, we need to build an inclusive world economy to strengthen
the foundation for mutually beneficial outcomes. To eradicate poverty
and hunger and advance inclusive and sustainable development are not
just the moral responsibilities of the international community, but actions
that will unleash immeasurable effective demand. According to relevant
statistics, the world’s Gini coefficient now stands at about 0.7, which
is beyond the recognized danger point of 0.6. This issue demands our
heightened attention. At the same time, global industrial restructuring
has also affected different industries and communities. We need to face
this issue squarely, handle it properly, and work hard to make economic
globalization more inclusive.
To realize the abovementioned goals, this year’s G20 has, for the
first time, put the issue of development front and center of the global
macro policy framework. The first action plan for implementing the 2030
Agenda for Sustainable Development has been formulated, and for the
first time, cooperation is being undertaken to support African countries
and least developed countries in their industrialization. These moves are
of groundbreaking significance. Further, all parties are committed to
working for implementation of the Paris Agreement on climate change
as soon as possible. We have also formulated joint action plans on energy
accessibility, energy efficiency, renewable energy, and entrepreneurship,
and will strengthen cooperation on food security and agriculture. We care
for the needs of different social strata and communities, especially those
facing difficulties, and encourage discussions among countries on public

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