Chinese president ends Cannes trip after G20 summit

0 Comment(s)Print E-mail Xinhua, November 5, 2011
Adjust font size:

Chinese President Hu Jintao left Cannes, France, for home Friday after attending a summit of the Group of Twenty (G-20), at which G-20 leaders discussed measures to halt the downturn in the world economy and promote global financial stability.

At the two-day summit, the leaders exchanged views on the eurozone debt crisis, reform of the international monetary system, the strengthening of financial regulations, and trade and development issues.

The G-20 summit was held at a time of heightened tensions and significant downside risks for the global economy.

At present, international financial markets are suffering drastic fluctuations, and the world economic recovery is at risk amid growing instability and uncertainty. In the eurozone, sovereign debt risks are rising in some countries.

While unemployment remains high in major developed countries, emerging economies are faced with inflationary pressures. World economic growth is showing signs of a slowdown.

President Hu made speeches at the summit, elaborating on China's propositions on the topics.

As the premier forum for international economic cooperation, the G-20 must continue to demonstrate the spirit of standing together in times of adversity and pursuing win-win cooperation, Hu said.

"At this critical moment, the G-20 must work to address the key problems, boost market confidence, defuse risks and meet challenges, and promote global economic growth and financial stability," the Chinese leader said.

Hu made a number of proposals, including: to ensure growth while paying attention to balance, to pursue win-win outcomes through cooperation, to improve governance in the course of reform, to strive for progress through innovation, and to promote common prosperity through development.

The G-20 was created in 1999 in response to the financial crises affecting the emerging countries in the late 1990s.

In the face of a global financial crisis, heads of state and government of G-20 members met for the first time in Washington in November 2008 to work out an action plan designed to prevent the financial system and the global economy from collapsing.

Since then, leaders of the G-20 members have met regularly: in London in April 2009, Pittsburgh in September 2009, Toronto in June 2010, and Seoul in November 2010.

In the past three years, the G-20 members have taken drastic steps to support the global economy, and begun to address problems of global macro-economic imbalances and the inadequacies of financial regulation.

The G-20, which accounts for 85 percent of global output and two thirds of the world's population, has become the premier forum for economic and financial cooperation.

G-20 members are: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the United Kingdom, the United States and the European Union.

Cannes, the host city of the G-20 summit, lies on southeastern France's Mediterranean coast. With its outstanding climate and beautiful setting, the city is a popular tourist destination and host of the annual Cannes Film Festival.

Print E-mail Bookmark and Share

Go to Forum >>0 Comment(s)

No comments.

Add your comments...

  • User Name Required
  • Your Comment
  • Racist, abusive and off-topic comments may be removed by the moderator.
Send your storiesGet more from China.org.cnMobileRSSNewsletter
主站蜘蛛池模板: 久久人人爽人人爽人人片AV东京热 | 国产av无码专区亚洲av毛片搜| xxxx中文字幕| 国内精品视频一区二区三区八戒 | 欧美精品一区视频| 免费人成激情视频在线观看冫| 翁与小莹浴室欢爱51章| 国产凌凌漆国语| 四虎a456tncom| 国产精品永久免费视频| 99re66热这里只有精品17| 激性欧美激情在线| 午夜三级A三级三点在线观看 | 国产精品无码免费播放| 99热这里只有精品免费播放| 宅男lu66国产在线播放| 亚洲av专区无码观看精品天堂| 欲乱美女诗涵番外5| 人人揉人人捏人人添| 青青草免费在线视频| 国产真实交换多p免视频| аⅴ天堂中文在线网| 成人综合激情另类小说| 久久中文字幕免费视频| 日韩一级在线播放免费观看| 亚欧洲精品在线视频免费观看 | 91精品国产免费久久国语蜜臀| 夜夜高潮天天爽欧美| juliecasha大肥臀hd| 小情侣高清国产在线播放| 中文字幕35页| 成年视频在线播放| 久久91精品国产91久久| 日本三级在线观看免费| 久久伊人久久亚洲综合| 日韩亚洲人成在线综合| 久久精品国产免费| 正在播放国产一区| 亚洲综合激情六月婷婷在线观看| 男人天堂视频网| 人妻无码αv中文字幕久久琪琪布|