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Navigation Primary Navigation Home Singapore Asia Pacific World Business Entertainment Sports Technology Secondary Navigation Singapore Asia Pacific World Search Search: Global finance reform needed says China's Wen to British PM AFP - Saturday, November 8 BEIJING (AFP) - - Chinese Prime Minister Wen Jiabao Friday told his British counterpart Gordon Brown that efforts to address the financial crisis should centre on global financial system reform. "To conquer the financial crisis we need coordinated global action that includes the establishment of a fair, just and ordered global financial system," China's Foreign Ministry quoted Wen as telling Brown during a telephone conversation. "China supports the reform of the international financial organisation which must play an active and constructive role in addressing the current crisis." No details of Wen's reform plan was made public. The two prime ministers also discussed the November 15 meeting of the leaders of the Group of 20 industrialised nations that will focus on the financial crisis, the ministry said in a statement on its website. Wen pledged China's cooperation during the meeting. Chinese President Hu Jintao will attend the summit. During the phonecall, Wen outlined the policies the Chinese government is taking to maintain "balanced and fast-paced" economic growth while addressing the financial crisis and the downturn in world economic growth, the Foreign Ministry said. "Maintaining the relatively fast-paced development of China's economy is in the interest of the world," the ministry quoted Brown as saying. "Britain lays importance to the...role of China in pushing forward the reform of the global financial system and addressing the current financial crisis." The G20, includes the seven major industrialised nations -- Britain, Canada, France, Italy, Japan, Germany and the United States -- plus Argentina, Australia, Brazil, China, India, Indonesia, Mexico, Russia, Saudi Arabia, South Africa, South Korea and Turkey. Email Story IM Story Printable View Blog This Recommend this article Average (0 votes) Sign in to recommend this article » Most Recommended Stories » Related Articles: China's Economy Stocks rise after two days of heavy sellingAP - Saturday, November 8 Greenspan: US GDP to decline significantlyAP - Saturday, November 8 Steelmaker Corus to cut production by 30 percentAFP - Saturday, November 8 Leaders debate finance crisis as bad news mountsAFP - Saturday, November 8 Related Articles: Business Gold prices rise modestly as dollar slipsAP - 2 hours 54 minutes ago US STOCKS-Wall St jumps on bargain hunting in volatile weekReuters - Saturday, November 8 Stocks rise after two days of heavy sellingAP - Saturday, November 8 Greenspan: US GDP to decline significantlyAP - Saturday, November 8 Anheuser-Busch settles shareholder suits over saleAP - Saturday, November 8 Enlarge Photo Global finance reform needed says China's Wen to British PM Related Photos Slideshow Full Photo Coverage: Business & Economy Related Full Coverage China Economy china economy All Full Coverage Most Popular – Business Viewed IMF sees recession in advanced economies in 2009 Among Obama's next challenges: his own security US doctors tell Liu Xiang he needs surgery Obama discusses global financial crisis with world leaders Airline profits nosedive as leaders debate finance crisis View Complete List » Search: Home Singapore Asia Pacific World Business Entertainment Sports Technology

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