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London summit sends positive signals to world economy
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16:39, April 03, 2009

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· President Hu attends G20 London Summit
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The Group of 20 (G20) summit in London has yielded positive and practical results by formulating effective measures to revive global economic growth and sending positive signals to the world, a Chinese delegation spokesman said in London Thursday.

Ma Zhaoxu, spokesman of the Chinese delegation noted that participants at the summit pledged to strengthen coordination of macroeconomic policy, stimulate global demand and promote global economic revival. He listed some of the major achievements of the summit:

-- Participants decided to increase the resources for international financial institutions and ensure that developing countries have greater say in these institutions.

-- They agreed to work together more closely to strengthen international financial supervision and regulation by extending regulation and oversight to all systemically important financial institutions, instruments and markets.

-- They reiterated their opposition to protectionism and their resolve to conclude the Doha Round talks at an early date.

-- They underlined the need to give high priority to development and pledged all efforts to fulfill the Millennium Development Goals.

All these are of great significance in building up confidence, maintaining financial stability and promoting global economic growth, Ma said.

The spokesman noted that Chinese President Hu Jintao delivered a keynote speech at the summit, calling for strengthening macro-economic policy coordination, advancing reform of the international financial system, and improving financial supervision and regulation.

On the sidelines of the summit, Hu attended a reception hosted by Queen Elizabeth II and met with Britain's Prince Charles.

He also held talks with his U.S. counterpart Barack Obama, British Prime Minister Gordon Brown, Russian President Dmitry Medvedev and other leaders from the G20 states, on bilateral ties as well as international and regional issues of common concern.


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