Special Report: Hu Attends Financial Summit,
APEC Meeting, Visits Four
BEIJING, Nov. 16 (Xinhua) -- Chinese Foreign Ministry
said here on Sunday that the Washington summit of the Group of 20 (G20) on
financial markets and the world economy was of great significance for the
international community to deal with the financial turmoil.
Foreign Ministry spokesman Qin Gang said the G20
summit was conducive to the growth of the world economy and the reform of the
international financial framework.
The declaration issued by the G20 leaders at the
summit was "comprehensive, positive and balanced," said Qin, adding it helped to
gain global confidence in dealing with the crisis and arouse the concern to the
issue of development.
"China hopes that all countries could continue to
enhance coordination, seek consensus, substantially strengthen the financial
regulation and take actions to prevent global economic recession."
The Washington summit, held Saturday amid serious
challenges to the world economy and financial markets, was the first time for
the Group of 20 since it was founded in 1999.
Chinese President Hu Jintao, together with other G20
leaders, attended the summit at the invitation of U.S. President George W. Bush.
The world leaders agreed to meet again by April 30,
2009, to review the implementation of the principles and decisions agreed at the
The members of the G20 include Argentina, Australia,
Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan,
Mexico, Russia, Saudi Arabia, South Africa, the Republic of Korea, Turkey, the
United States, and the European Union.
Also attending the G20 summit were the managing
director of the International Monetary Fund (IMF), the president of the World
Bank, the secretary-general of the United Nations and the chairman of the
Financial Stability Forum.