Special report: Hu
Attends Financial Summit, APEC Meeting, Visits Fours
BEIJING, Nov. 14 (Xinhua) -- Chinese President Hu Jintao
left for Washington on Friday afternoon to attend the G20 summit on financial
markets and world economy at the invitation of U.S. President George W. Bush.
Following the G20 meeting, Hu will visit Costa Rica,
Cuba, Peru and Greece from Nov. 16 to 26 at the invitation of the heads of
states of the four countries.
Hu will also attend the Asian-Pacific Economic
Cooperation summit in Peru, which is on Nov. 22-23.
Hu's entourage includes his wife Liu Yongqing, Vice Premier
Wang Qishan, Ling Jihua, member of the Secretariat of the Communist Party
of China (CPC) Central Committee and director of General Office of CPC Central
Committee, Wang Huning, member of the Secretariat of the CPC Central Committee
and director of Policy Research Office of the CPC Central Committee, State
Councilor Dai Bingguo, Foreign Minister Yang Jiechi, Minister of Finance Xie
Xuren, Minister of Commerce Chen Deming, Vice Minister in charge of the
National Development and Reform Commission Zhu Zhixin, and China's central bank
governor Zhou Xiaochuan.
Bush sets tone for G-20
Group of Seven central bank governors
pose for a group photo after their meeting at the Treasury Department in
Washington, the Unuted States, Oct. 10, 2008. (Xinhua/Zhang
NEW YORK, Nov. 13 (Xinhua) -- U.S. President W. Bush set
tone for the upcoming Group-20 Summit Thursday in New York saying that the
summit will focus on "understanding the causes of the global crisis and
developing principles for reforming our financial and regulatory systems."
Bush said the meeting, which is due to this weekend in
Washington D.C., will lay the foundation for financial reforms.
IMF official: G20 summit unlikely to
be Bretton Woods II
WASHINGTON, Nov. 13 (Xinhua) -- The upcoming G20 summit will inaugurate global
efforts to fix the world financial system, but will not be Bretton Woods II, as
many expect, an International Monetary Fund (IMF) official said Thursday.
Saturday's summit in Washington will be critical for the
future of the existing global economic and financial structure, China's
executive director at the IMF, Ge Huayong, told Xinhua in an interview.
G20 meeting ends with pledges to
tackle global financial meltdown
SAO PAULO, Nov. 10 (Xinhua) -- Finance ministers and
central bank governors from the Group of 20 (G20) major industrial and emerging
economies closed their annual meeting here Sunday, vowing to jointly tackle the
global financial crisis.
The G20 has "a critical role to play in ensuring
global financial and economic stability," said a joint statement released at the
end of the two-day meeting. Full story
G20 agrees to promote fiscal
incentives to avoid recession
SAO PAULO, Nov. 9 (Xinhua) -- Top finance
officials of the Group of 20 (G20) nations have agreed that tax cuts and
increased government spending are necessary to avoid a recession, Brazilian
Finance Minister Guido Mantega said on Sunday.
However, each country will take actions according to its
own situation, he told a press conference. Full story
G20 proposes joint action on global
SAO PAULO, Nov. 9 (Xinhua) -- The Group of 20 (G20)
industrialized and emerging economies agreed Sunday that joint action and
greater controls were necessary to tackle the international financial crisis.
The G20 has "a critical role to play in ensuring global
financial and economic stability," G20 finance ministers and central bank
governors said in a joint statement at the end of a two-day meeting here.