Chinese president attends G20 Toronto summit (2)

08:28, June 28, 2010      

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The interventions by G20 members have effectively mitigated the impact of the crisis, and promoted a quicker transition to economic recovery.

"The G20 Toronto Summit will provide leaders with an important opportunity to follow through on commitments made at previous summits and to continue the work of building a healthier, stronger and more sustainable global economy," says a statement issued by the Canadian government on the official Toronto Summit website.

"China hopes that the G20 members at the Toronto summit would fully implement the Framework for Strong, Sustainable and Balanced Growth and enhance communications and coordination of macro-economic policies to support the global economic recovery," said Chinese Vice Foreign Minister Cui Tiankai at a press conference on June 18.

He said G20 members should push for the International Monetary Fund (IMF) to complete a new round of quota reform by the Seoul summit in November this year to give more representation and say to emerging market countries and developing countries, improve the international financial system and deepen the reform of the international regulatory system.

At the Toronto summit, the G20 leaders should pay more attention to development issues and provide political support to the United Nations' high-level meeting on the Millennium Development Goals in September this year, and oppose trade protectionism and promote the completion of the Doha round of trade talks, he added.

Established in 1999, the G20 consists of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, the Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.

Members of the G20, the world's premier forum for international economic cooperation, account for 90 percent of global output, 80 percent of world trade and two-thirds of the world's population.
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(Editor:梁军)

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