Home > Tin HOT > Coronavirus: G20 Nations To Pump In $5 Trillion Into Global Economy, China Says Cut Tariffs

Coronavirus: G20 Nations To Pump In $5 Trillion Into Global Economy, China Says Cut Tariffs



he G20 nations have resolved to collectively inject $5 trillion into the global economy to combat the disruption caused by the coronavirus pandemic on economies world over. Saudi Arabia, which is the current chair of G20, urged the grouping to form a coordinated response to tackle the global crisis.
In his address to the G20 summit, Chinese President Xi Jinping called for an “all-out global war” against novel coronavirus and proposed tariff cuts and removal of trade barriers to prevent the global economy slipping into recession.

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20 Responses

  1. deepz513

    Boycott China n all its products.. intentional or not they don't even warn rest of the world in right time..let the virus spread all over the world .. sacrificing its own ppl..this is a heartless govt.. poor Chinese ppl..only support it when it become democratic

  2. Kirak Admi

    If they inject money from thin air then there is no value for money and we dont need to pay taxes to government if they are printing trillions and trillions of money. Best way to save your wealth and money by buying gold or bitcoin which are safe haven assets.

  3. Avik Saha

    Instead if trade barrier no one talks of trade balance, tariff based on trade Imbalance, not product wise but country wise, this way even countries using backdoor cannot last long without fair exchange policy.

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