Xi proposes reinforcing global economy's anti-risk capacity

Chinese President Xi Jinping raised four proposals for strengthening the world economy's anti-risk capacity during the Group of Twenty (G20) Summit in Brisbane, Australia on Sunday. [Special coverage]

Firstly, the world should continue to reform the international financial system and speed up the International Monetary Fund quota reform, Xi told the second day of the G20 Summit.

Secondly, the world should enhance global cooperation in collecting tax, crack down on international tax evasion and help the developing countries and low-income countries improve their abilities in collecting and managing tax, Xi said.

Thirdly, the world should deepen cooperation in anti-corruption, Xi said.

Fourthly, the world should exert more efforts to deal with the issue of development and facilitate the developing countries to develop their economies by establishing the concept of promoting development through growth while stimulating growth through development, he said.

On the issue of energy, Xi said the G20 have to build a partnership in energy cooperation, nurture a free and open global energy market with orderly competition and efficient supervision, jointly maintain stability of energy prices and market, improve energy efficiency, formulate and improve global energy governance principles so as to form a new cooperation pattern of equal negotiations and common development among consumer, producer and transit countries.

Xi also declared that China will release data of its oil stocks regularly.

Regarding international trade, Xi said trade protectionism only delivers damage to others without serving one's own benefits.

The G20 is capable of and obliged to building a united, open and universally benefiting global market, promoting an early completion of the Doha round of global trade negotiations, Xi said.

The G20 summit also discussed the Ebola epidemic and agreed that the grouping should play a bigger role in disease control and prevention as well as disaster relief.

Xi arrived here late Friday for the G20 Summit and a state visit to Australia.