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China, Britain call for int'l collaboration ahead of G20 London summit
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10:49, February 14, 2009

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Chinese Vice Premier Wang Qishan met with Mervyn Davies, special envoy of British Prime Minister Gordon Brown, here Friday.

The two urged the international community to collaborate on overcoming the financial crisis so as to restore market and public confidence.

"International society should enhance cooperation and send positive signals to fight the financial crisis and economic decline," Wang said to Davies, the Minister of State for Trade and Investment.

Davies came to China for discussions with the government on theG-20 financial summit scheduled for April in London.

During the summit, participants should devote attention to the issues of global development, ways to combat trade protectionism, supervision of the financial markets and reform of the international financial system, Wang said.

He urged all countries involved to do their best to achieve a consensus and results during the summit.

Wang also briefed Davies on China's measures to tackle the crisis. He stressed that China being able to maintain fast, stable economic growth would be the "biggest contribution" to international efforts against the financial crisis.

"China will stick to the socialist path with Chinese characteristics, stick to reform and opening-up. This is the choice of 1.3 billion people," Wang said.

Echoing Wang's remarks, Davies said Britain highly appreciated China's efforts in dealing with the crisis as well as the constructive role China plays in international cooperation.

"The world is living through a difficult time, and that's why we need close international collaboration," Davies told Wang at the beginning of their meeting.

Davies said that the United Kingdom supported China's membership in the Financial Stability Forum, an advisory body of the Group of Seven leading economies, and hoped to work with China to achieve concrete results during the London summit.

He reiterated that the British government opposed trade and financial protectionism and was devoted to safeguarding an open global market.

The G20, founded on Sept. 25, 1999 in Washington, is an international forum for finance ministers and central bank governors from 19 countries: Argentina, Australia, Brazil, Britain, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, the Republic of Korea, Turkey and the United States. It also includes the European Union and the Bretton Woods Institutions, namely the International Monetary Fund and the World Bank.

Wang also met Friday with Stephen Green, group chairman of HSBC Holdings.

"China will continuously stick to financial reform and opening-up. We support and encourage foreign financial organizations to develop services in rural areas and hope HSBC will explore and experiment in this field," Wang said.


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