All you need to know about G20 Riyadh Summit

chinadaily.com.cn | Updated: 2020-11-21 07:10
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G20 and the world

Saudi King Salman bin Abdulaziz speaks via video link during the Extraordinary Virtual Leaders' Summit on COVID-19 in Riyadh, Saudi Arabia on March 26, 2020. [Photo/Agencies]

Collectively, G20 members represent 85 percent of global economic output and 75 percent of international trade. Throughout the year, representatives from G20 countries gather to discuss financial and socioeconomic issues.

The Saudi G20 presidency hosted the Extraordinary Virtual Leaders' Summit on COVID-19 on March 26, followed by a series of ministerial meetings to tackle the COVID-19 crisis and mitigate its impacts.

The G20 responded to the COVID-19 epidemic with unity, and achieved practical results in many fields, from coordinating policies on vaccine and macro-economy, addressing the debts of developing countries, to promoting trade and investment, digital economy and the flow of people.

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