G20 eyes recovery through cooperation

President Xi Jinping's address, via video, to the ongoing G20 summit in Riyadh, Saudi Arabia, will help accelerate global efforts to resume normal economic and social activities in order to boost global economic recovery.

From the meetings of finance ministers and central bank governors to the summit of heads of state or government, the G20 analyzes and reviews global economic problems with the aim of promoting international financial stability and addressing issues that go beyond the responsibilities of any one organization or country. The group became one of the important platforms of global economic governance after the inaugural G20 summit in 2009, which played a key role in tackling the global financial crisis.

The two-day Riyadh summit, which started on Saturday, is expected to discuss the systemic governance crisis in many countries which has come to the fore after the novel coronavirus pandemic broke out.