Themed Recover Together, Recover Stronger, the 17th Group of 20 (G20) Summit—taking place in Bali, Indonesia, on November 15-16—intended to promote strong and inclusive economic recovery among members. Priority went to issues related to global health architecture, digital transformation and sustainable energy transition. 

At the summit, President Xi Jinping elaborated on China's viewpoints and offered Chinese wisdom for the international community to tide over difficulties and create a better future together. He said all G20 members, as major international and regional players, should take their inherent responsibility and lead by example to promote the development of all nations. A China marching toward modernization will generate more opportunities for the world and make greater contributions to human progress.

In his speech, Xi once again expounded on the China-proposed Global Development Initiative (GDI) and Global Security Initiative (GSI). The GDI aims to meet the long-term objectives and immediate needs of the world's common development, fostering international consensus on how to promote development, cultivating new drivers for global growth, and facilitating the progress of all countries.

The GSI defends the spirit of the UN Charter, acts on the principle of indivisible security, upholds the vision of common, comprehensive, cooperative and sustainable security, advocates the resolution of conflict through negotiation and settlement of disputes through consultation, and supports all efforts conducive to the peaceful settlement of crises.

The meeting between the presidents of China and the U.S. on November 14, in the lead-up to the summit, was one of the highlights. This was the first in-person meeting between the two leaders since Joe Biden took office some 22 months ago. Their talks effectively covered the most important aspects of bilateral and international relations.

Under the current circumstances, China and the U.S. have more, not fewer, common interests, Xi said, adding it is in the two countries' mutual and fundamental interest to prevent conflict and confrontation and achieve peaceful coexistence.

Without a sense of synergy between the world's top two economies, global recovery from the pandemic-induced difficulties will be hard to achieve. Safeguarding a peaceful and healthy planet for future generations requires both sides to step up to the plate and exert joint efforts.