BEIJING, Sept. 7 (Xinhuanet) -- Chinese President Xi Jinping has urged the world’s leading developed and developing economies to fight against trade protectionism.

Addressing a meeting of G20 leaders, Xi said that the global multilateral trade system now faces many challenges amid rising protectionism and stalled Doha trade talks, which hurts both the world’s economic recovery and the interests of all countries. The Chinese president also put forward a three-point proposal on advancing global trade.

First, the G20 economies should reject trade protectionism and develop an open world economy. Second, the G20 economies should strengthen the global multilateral trade system and push forward the Doha trade talks. Third, the G20 economies should work to improve the global value chain and establish an integrated world market. Xi said the G20 countries should have a better understanding of the roles the countries play, the value they create and the gains they enjoy in the global value chain. Xi also said that China is ready to work together with other G20 members to promote free trade and develop an open world economy.

(Source: CNTV.cn)