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XIANGHE (Hebei Province), Oct. 14 (Xinhuanet) -- The
Grand Epoch City in Xianghe County, Hebei Province, which recaptures the view of
old Beijing town, will become the focus of attention of the whole world in the
coming two days, being the venue of the seventh G-20 meeting of Finance
Ministers and Central Bank Governors held in China.
China's traditional red high walls surrounding the
imperial palace, pavilions and the lotus pool in typical Chinese gardens, the
Chinese courtyards, the Ruins of Waterworks, stone arch bridges, and Chinese
lanterns all help to outline the Chinese pattern to welcome the world economic
and financial personages.
Across the miniature Jinshui Bridge and through the
imitated Qianmen Business Street is the main hall of the G-20 meeting -- the
Zheng'an Palace. Finance ministers and central bank governors from 20 nations
such as China, the United States, Britain, France, Germany, Japan, and India,
President of the World Bank, Managing Director of the International Monetary
Fund, and President of the European Central Bank will walk into the palace
Saturday to have dialogues on balanced and orderly world economic development.
Correspondents covering the event will have many eye
catchers like Chairman of the US Federal Reserve Greenspan, U.S. Treasury
Secretary Snow, and President of the People's Bank of China Zhou Xiaochuan.
Greenspan is on his first tour in China during his
18-year run.Greenspan, age 79, might have his last presence in such a high-level
financial meeting before he retires at the end of January next year. All the
reporters attending the meeting want tograb the chance to see him.
It's said that Greenspan is a lover of art and likes
to ponder upon economic issues while bathing in bathtubs. A reporter of Beijing
media jokingly wished that the Chinese flavor of the "old Beijing town" would
give inspiration and a good mood to Greenspan.
Snow, nicknamed as "smiling Plutus" in China, started
his one-week visit to China on Oct. 11. His travel from Shanghai, to Sichuan,
and then to Beijing will add much to his understanding ofthe achievements and
difficulties of China's economic development.
The two U.S. financial personages will also attend
the Sino-US Joint Economic Commission meeting together with China's finance
minister Jin Renqing and central bank governor Zhou Xiaochuan whenthe G-20
meeting ends.
Snow was quite concerned with the Renminbi exchange
rate duringhis visit to China, and explicitly expressed his wish in his speech
in Shanghai that the Renminbi exchange rate should be more flexible. However,
most Chinese economists disagree with the common view that Snow and Greenspan
are to visit China to pressurefurther appreciation of Renminbi.
Dr. Yi Xianrong with the Institute of Finance and
Banking of the Chinese Academy of Social Sciences agreed to an objective view of
the imminent Sino-US economic dialogues from all sides, and reckoned that the
Renminbi exchange rate was one of the possible issues touched upon.
President of the World Bank Wolfowitz was also on his
first tour in China. Jin Renqing and Zhou Xiaochuan will hold bilateral talks
with the foreign guests.
The theme of the seventh G-20 Finance Ministers and
Central Bank Governors is "Global Cooperation: Promoting Balanced and Orderly
World Economic Development". Some 500 reporters from more than 150 media in the
world would witness the dialogues among the world financial officials. Enditem
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