Stick together, Hu urges G20 members
BEIJING CHINESE President Hu Jintao has urged members of the Group of 20 (G20) to stick together and address Europe’s debt crisis in a ‘constructive and cooperative’ way to boost market confidence, state news agency Xinhua reported on Sunday.
In a written interview with Mexican newspaper Reforma ahead of the G20 summit and elections in Greece, Hu said: “In the current world economic environment, the G20 members should stick together in difficult times and pursue winwin cooperation.” Describing the debt crisis as “an issue of general concern”, Hu said G20 members should address it in a “constructive and cooperative way, encourage and support efforts made by Europe to resolve it and send a signal of confidence to the market”.
Hu also urged all G20 members to continue to advance the reform of the international financial system, meet the target of IMF quota and governance reform, improve the international monetary system and enhance international financial regulation.
“We should continue to oppose protectionism in all forms and advance the Doha round negotiations. We should continue to give high priority to development and promote growth of developing countries so as to increase total global demand,” he said.
Hu urged G20 members to sustain and strengthen “the “hard-won” momentum of economic recovery.