Modi, Xi for building open, multipolar, pluralist global economic order

WUHAN: Prime Minister Narendra Modi and Chinese President Xi Jinping have underlined the importance of building an open, multipolar, pluralist and participatory global economic order which will enable all countries to pursue their development and contribute to the elimination of poverty and inequality in all regions of the world.

According to a statement by the Ministry of External Affairs, the two leaders, who met at an two-day informal summit in the central Chinese city of Wuhan, agreed that India and China have separately made major contributions to global peace and prosperity through their respective growth and economic development, and would continue to act as engines for global growth in the future.

“They reiterated the importance of building an open, multipolar, pluralist and participatory global economic order which will enable all countries to pursue their development and contribute to the elimination of poverty and inequality in all regions of the world,” the statement said.

Modi and Xi also agreed that as two major countries and emerging economies, India and China, given their vast developmental experiences and national capacities, should join hands to take lead in offering innovative and sustainable solutions to challenges faced by humankind in the 21st century. (AGENCIES)

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