China's Foreign Minister Wang Yi said that the world is pinning great hopes on the G20 summit that is set to be held virtually on Nov. 21-22 under the Saudi leadership.

 

He added that the Kingdom has achieved practical results in many fields, such as coordinating policies on vaccine and macro-economy, addressing the debts of developing countries, as well as promoting trade, investment and digital economy, Asharq Al-Awsat newspaper reported.

 

A virtual G20 summit chaired by Saudi Arabia in March boosted the world’s confidence in combating the pandemic.

 

The summit will not only review G20’s cooperation over the past year and make future plans, but will also offer an important opportunity to set the direction for improving global governance in the "post-COVID era".

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