Chinese dictator Xi Jinping told fellow G20 leaders on Thursday that China intends to expand its manufacturing of pharmaceuticals and medical supplies to “keep global financial markets stable.”
During the teleconferenced speech to world leaders, Xi demanded that the rest of the world help keep the world’s markets – currently monopolized by China – “stable” amid growing demands that countries reconsider having nearly all their essential goods sourced from the communist regime.
According to reports out of Wuhan, the origin city of the pandemic, the Chinese government’s censorship and repression of individuals seeking to share basic information to prevent the spread of the virus significantly amplified its spread.
Breitbart.com reports: One study blamed China for as many as 95 percent of the world’s known coronavirus cases.
G20 nations held a video conference in which each of their leaders delivered a speech from their home countries, allowing them to exchange ideas while not traveling and potentially being exposed to the Chinese coronavirus. Xi’s statement, as translated in full by the state-run Global Times propaganda outlet, focused greatly on “cooperation” among member nations to contain the pandemic while emphasizing that China must lead all joint actions.
“We need to better coordinate financial regulation to keep global financial markets stable. We need to jointly keep the global industrial and supply chains stable,” Xi said. “What China will do in this regard is to increase its supply of active pharmaceutical ingredients, daily necessities, and anti-epidemic and other supplies to the international market.”
“China will continue to pursue a proactive fiscal policy and prudent monetary policy,” he continued. “We will continue to advance reform and opening-up, widen market access, improve the business environment, and expand imports and outbound investment to contribute to a stable world economy.”
To benefit what Xi depicted as charitable actions by China, he demanded that “all G20 members take collective actions” that would benefit the Chinese Communist Party’s economy, such as “cutting tariffs, removing barriers, and facilitating the unfettered flow of trade.”
Xi also proposed a “global network of control and treatment,” also led by him, that would grant China full access to all medical data, presumably also including intellectual property related to the manufacture and development of medical technology.
“China has set up its online COVID-19 knowledge center that is open to all countries. It is imperative that countries pool their strengths and speed up research and development of drugs, vaccines and testing capabilities in the hope to achieve early breakthrough to the benefit of all,” Xi asserted.
Xi Jinping’s call for China to control an even greater part of the world’s manufacturing — medical and otherwise — comes after years of the United States, in particular, yielding control of its industrial supply chains to China. As of February of this year, China manufactures 97 percent of all American antibiotics, 80 percent of the pharmaceutical ingredients needed in all American drugs, and the majority of the nation’s — and the world’s — medical protective supplies, like masks. Supplements like vitamin C, which has proven extremely effective in helping individuals combat Chinese coronavirus, are also almost entirely sourced from the origin country of the...
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