The novel coronavirus pneumonia is accelerating, and the key to the problem of inadequate protection is the need for global commitment and political coordination, said WHO director general Tan Tak. He will deliver a speech calling on the G20 to work together to increase production, avoid imposing export bans and ensure fair distribution. The political commitment of the G20 means strong solidarity, which helps us to move forward and fight the epidemic in the strongest way possible.
John sfakianakis, chief economist of the Gulf Research Center, a think tank in Saudi Arabia, pointed out that the world needs more unity, not division and de globalization. The G20 should play the same role in promoting global solidarity as it did in responding to the global financial crisis. Global pharmaceutical companies should work with governments to find solutions. Countries around the world need to recognize that epidemics have no borders. This is a global crisis, so there must be a global solution.
Need to strengthen macro policy coordination
The outbreak of novel coronavirus pneumonia has a serious impact on the global economic and social development. The international community expects the G20 to strengthen macro policy coordination, adopt necessary fiscal, monetary and structural policies, promote market opening, ensure the open, stable, safe and smooth operation of global supply chain, and play a constructive role in boosting market confidence.
Novel coronavirus pneumonia and Matthew Goodman, senior vice president of the US Center for strategic and international studies, Mark Sobel, said that the intention of the group of twenty was to play the role of the global fire station in the face of the new crown pneumonia epidemic. The G20 should strengthen fiscal policy, maintain financial stability and coordinate trade relations among economies. In addition, economies should reduce tariffs and other barriers that impede the cross-border flow of medical products and cooperate in the development of vaccines and treatment programmes.
Peter dresdale, director of the Institute of East Asian Economics at Australian National University, pointed out that international cooperation in response to the epidemic needs to be promoted by the G20. The first task of this special summit is to reach a consensus on concerted action to ensure that all parts of the world have access to the necessary medical supplies to deal with the epidemic.
Sulab Gupta, a scholar at the US China US research center, believes that the economic situation is seriously impacted by the epidemic, and that the G20 needs to launch a series of coordinated stimulus measures, keep the supply chain open, avoid competitive exchange rate depreciation, and provide more funds to support the global financial safety net. Better coordination is to ensure that countries do not conflict with each other in macroeconomic policies. We are all working together in the same direction, so that the response of countries economic, financial and monetary policies will not become fragmented.
Can promote beneficial experience sharing
Since the beginning of the fight against the epidemic, China has been in an open, transparent and responsible attitude, sharing epidemic information and prevention and control experience with the international community. While making every effort to do a good job in domestic prevention and control, China has also provided assistance to countries in need within its capabilities and jointly strengthened capacity-building. For Chinas experience in response to the epidemic, the international community highly valued it and looked forward to learning from it.
Chinas response to the novel coronavirus pneumonia epidemic is impressive, said David Murdoch, a New Zealand expert in the Ministry of health. Chinas efforts to contain the new coronavirus have brought the epidemic under control beyond our expectations. Now many countries are putting these coping experiences into practice. Obviously, the impact of the epidemic on the economy is huge, and China has begun to focus on the resumption of production. The current measures for returning to work emphasize strict follow-up of all cases to prevent the rebound of the epidemic.