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Sunday, 17 June 2012 - China president urges G20 members to stick together |
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      Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Home Business Business Home Economy Technology Media Small Business Legal Deals Earnings Social Pulse Business Video The Freeland File Markets Markets Home U.S. Markets European Markets Asian Markets Global Market Data Indices M&A Stocks Bonds Currencies Commodities Futures Funds peHUB World World Home U.S. Brazil China Euro Zone Japan Mexico Russia India Insight World Video Reuters Investigates Decoder Politics Politics Home Election 2012 Campaign Polling Tales from the Trail Political Punchlines Supreme Court Politics Video Tech Technology Home MediaFile Science Tech Video Tech Tonic Social Pulse Opinion Opinion Home Chrystia Freeland John Lloyd Felix Salmon Jack Shafer David Rohde Bernd Debusmann Nader Mousavizadeh Lucy P. 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Credit: Reuters/Ed Jones/Pool BEIJING | Sun Jun 17, 2012 12:26pm EDT BEIJING (Reuters) - 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 win-win 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. "The world economy is now on the path of recovery and the prospect of economic growth is improving to some extent," Hu said, adding such recovery is still not firm, and faces acute unpredictability. "Total global demand remains weak. Growth in major economies is sluggish." Commenting on the Chinese economy, Hu said the world's second-biggest economy will maintain steady and robust growth to make a contribution to global economic growth. "China's economy has maintained stable growth," he said. "Facing a complex and grave external economic environment, China has taken targeted measures to strengthen and improve macroeconomic regulation, accelerate the shift of the growth model, adjust economic structure and build long-term mechanisms to boost domestic demand." These efforts are made to ensure that China's economy is driven by consumption, investment and export so as to ensure steady and robust growth and maintain social harmony and stability, he said. "We will continue to pursue a proactive fiscal policy and prudent monetary policy and maintain a balance between ensuring steady and robust growth, adjusting economic structure and managing inflationary expectations," he said. (Reporting by Benjamin Kang Lim; Editing by Sophie Hares) World Euro Zone Tweet this Link this Share this Digg this Email Reprints   We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.   Edition: U.S. Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom Back to top Reuters.com Business Markets World Politics Technology Opinion Money Pictures Videos Site Index Legal Bankruptcy Law California Legal New York Legal Securities Law Support & Contact Support Corrections Connect with Reuters Twitter   Facebook   LinkedIn   RSS   Podcast   Newsletters   Mobile About Privacy Policy Terms of Use AdChoices Copyright Our Flagship financial information platform incorporating Reuters Insider An ultra-low latency infrastructure for electronic trading and data distribution A connected approach to governance, risk and compliance Our next generation legal research platform Our global tax workstation Thomsonreuters.com About Thomson Reuters Investor Relations Careers Contact Us   Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. Thomson Reuters journalists are subject to an Editorial Handbook which requires fair presentation and disclosure of relevant interests. NYSE and AMEX quotes delayed by at least 20 minutes. Nasdaq delayed by at least 15 minutes. For a complete list of exchanges and delays, please click here.

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