China backs G20 debt relief plan, says finance minister

This file photo taken on Sept 2, 2016 shows the flags of G20 member countries fluttering outside the Hangzhou International Expo Center, the main venue for the G20 summit, in Hangzhou, Zhejiang province, China. (PHOTO / IC)

BEIJING (China Daily/ANN): China will continue to support the Group of 20's debt treatment framework for low-income countries, helping them ease potential solvency risks and promote post-pandemic economic recovery, Finance Minister Liu Kun said in a recent statement.

The message showed the Chinese government's firm commitment to promote multilateral cooperation and actively participate in global actions related to debt issues, experts said.