G-20 countries to work on interest rate cuts and debt sustainability, China

 Bali: Chinese President Xi Jinping, while addressing the G20 summit in Indonesia, said that rich countries should take the responsibility to stop the increase in interest rates so that the world can develop, build and prosper equally. Be smooth.

According to the World News Agency, while addressing the G20 summit in Bali, Indonesia, Chinese President Xi Jinping said that every nation aspires to a better life. Developed countries should sincerely help others develop.

The Chinese president added that prosperity and stability in this world is not possible until the rich get richer and the poor get poorer. We must make concerted efforts to control global inflation and address systematic risks in the economy and finance.

President Xi Jinping also emphasized that rich countries should fulfill their responsibilities and create equal development opportunities for all countries.

The Chinese president also said that developed economies should also reduce the negative effects of monetary policy adjustments and stabilize debt at sustainable levels.