(Yicai Global) March 26 -- Chinese President Xi Jinping said today that China will contribute to a stable world economy by continuing to advance reform and opening-up, widen market access, improve the business environment and expand imports and outbound investment.

Xi made the remarks in Beijing while attending the G20 Extraordinary Virtual Leaders' Summit on Covid-19 via video link.

China will increase its supply of active pharmaceutical ingredients, daily necessities, and anti-epidemic and other supplies to the international market, Xi told the summit.

China will also continue to pursue a proactive fiscal policy and prudent monetary policy, he said.

Xi called on all G20 members to take collective actions, send a strong signal and restore confidence for global economic recovery. He urged G20 members to cut tariffs, remove barriers and facilitate the unfettered flow of trade.

Xi also urged enhanced international macro-economic policy coordination to prevent the world economy from falling into recession.

Noting that the outbreak has disrupted production and demand across the globe, Xi said countries need to leverage and coordinate their macro policies to counteract the negative impact and prevent the world economy from falling into recession.

He called on countries to implement strong and effective fiscal and monetary policies, better coordinate financial regulation and jointly keep the global industrial and supply chains stable.

Xi said a virus respects no borders, stressing that all must work together to build the strongest global network of control and treatment.

"The outbreak we are battling is our common enemy," he noted.

"All must work together to build a strongest global network of control and treatment that the world has ever seen," Xi stressed.

China has set up its online Covid-19 knowledge center that is open to all countries, Xi said.

Editor: Xia Ruirui