YEKATERINBURG, Russia, June 16 (Xinhua) -- Chinese
President Hu Jintao Tuesday presented a four-point proposal for dealing with the
ongoing global financial crisis at the first summit meeting of BRIC countries
which groups Brazil, Russia, India and China.
First, BRIC countries should
commit themselves to bringing about an early recovery of the world economy, Hu
Chinese President Hu
Jintao (2nd R) poses for a group photo together with Brazilian President
Luiz Inacio Lula da Silva (1st L), Russian President Dmitry Medvedev (2nd
L), and Indian Prime Minister Manmohan Singh during the first formal
meeting of BRIC (Brazil, Russia, India and China) leaders in
Yekaterinburg, Russia, on June 16, 2009. Photo
"We should work hard to overcome the difficulties and
try to take the lead in recovering from the global financial crisis," he said,
adding "This is not only for our own need, but also contributes to world
BRIC countries should solve the long-existing
structural problems in their economic development and change their development
pattern in an effort to improve the quality and level of their economic
development , while striving to resume world economic growth.
He also urged BRIC countries to continue to open
their markets, make use of their mutually complementary strength and expand
economic and trade cooperation.
"We should also firmly oppose protectionism, jointly
safeguard the normal and orderly flow of commodities, services and personnel
worldwide, and help ensure that the Doha round of global trade talks would
achieve a comprehensive and balanced outcome as soon as possible," he added.
The first summit meeting of BRIC
(Brazil, Russia, India and China) leaders is held in Yekaterinburg,
Russia, on June 16, 2009. (Xinhua/Rao Aimin) Photo
Second, BRIC countries should commit themselves to
pushing forward the reform of international financial system, Hu said.
To establish a new international financial order that
is fair, equitable, inclusive and well-managed, and provide guarantee for the
sustainable development of the global economy in terms of system and mechanism
conforms with the trend of the historical development and is in the fundamental
interest of all parties, he said.
BRIC countries should improve the international
financial supervision mechanism and ensure the effective participation of the
developing countries in world financial supervision organizations such as the
Financial Stability Board, Hu said.
Third, BRIC countries should commit themselves to
implementing the UN Millennium Development Goals (MDGs), the president said.
The international community should not overlook
development issues and cut the input for development while dealing with global
financial crisis, he said.
Instead, it should pay close attention to the impact
that the crisis has left on developing countries, especially the least developed
ones, he added.
Chinese President Hu Jintao attends the
first summit meeting of BRIC (Brazil, Russia, India and China) leaders in
Yekaterinburg, Russia, on June 16, 2009. (Xinhua/Rao Aimin) Photo
The BRIC countries should call on all parties to
continue to implement the MDGs and urge the developed economies to fulfil their
commitment to assistance, he added.
Fourth, BRIC countries should commit themselves to
ensuring the security of food, energy resource, and public health, he added.
He said while tackling the ongoing global financial
crisis, efforts should be made to properly handle some outstanding problems that
hinder development, such as climate change, food, energy, resource and public
health security. A long-term approach and overall plan should be adopted to take
all factors into consideration as these issues bear on the wellbeing of all
peoples in the world and their overall interests, he added.
He also urged BRIC countries to increase investment
in agriculture, develop advanced agricultural technique and curb market
speculation. He also called for greater food assistance and closer agricultural
and food cooperation.
"We should also accelerate our efforts in developing
clean and renewable energy, and establish advanced research and promotion
systems in a bid to diversity our energy supply," Hu said.
He urged the four countries to strengthen information
exchanges and communication, share the experience on epidemics preventions and
control, and work together to develop and share vaccines, and cooperate in
pandemic control and prevention.
YEKATERINBURG, Russia, June
16 (Xinhua) -- Chinese President Hu Jintao called for closer cooperation among
BRIC countries and presented a proposal for dealing with the ongoing global
financial crisis when he addressed the first BRIC summit here Tuesday.
"We should seize the historic opportunity, strengthen
unity and cooperation, and jointly safeguard the overall interests of developing
countries, " Hu said, offering the following proposal for furthering cooperation
among the BRIC countries, which groups Brazil, Russia, India and China. Full story
YEKATERINBURG, Russia, June 16 (Xinhua)
-- Leaders from the BRIC nations -- Brazil, Russia, India and China -- held
their first official meeting on Tuesday, marking a crucial step by the emerging
countries to seek broader consensus and a greater voice in addressing global
After the summit in Russia's Ural
city of Yekaterinburg, the leaders put their hands firmly together, a move
considered symbolic eight years after the term "BRIC" was coined. The four
nations have eventually translated an economic concept into tangible dialogue
and cooperation.Full story
MOSCOW, June 16 (Xinhua) --
Chinese President Hu Jintao arrived in Moscow Tuesday night for a state visit
aimed at enhancing the Sino-Russian strategic partnership of cooperation.
The Chinese president flew into the Russian capital
from Yekaterinburg, where he attended a summit of the Shanghai Cooperation
Organization and a meeting of BRIC countries, namely Brazil, Russia, India and
China. Full story