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Chinese president, other BRICS leaders meet ahead of G-20 summit

(Xinhua)

08:16, November 04, 2011

Chinese President Hu Jintao and leaders of Brazil, Russia, India and South Africa hold a meeting in Cannes, France, Nov. 3, 2011. (Xinhua)  

CANNES, France, Nov. 3 (Xinhua) -- Chinese President Hu Jintao and leaders of Brazil, Russia, India and South Africa met Thursday in Cannes, France, ahead of the Group of 20 (G20) summit.

Hu said that the world's current economic situation is severe and complicated while the prominent sovereign debt issues in some developed countries have created turbulence in the financial markets.

Many developing countries also face inflationary pressure and world economic growth has slowed to some extent, Hu said during the meeting.

Under the current circumstances, Hu said, the G-20 countries should work together better to ride out the hard times and boost robust, sustainable and balanced growth of the world economy.

Both developed and developing countries should keep a balanced and relatively rapid economic growth, Hu said.

Only in this way, he said, could the world economy achieve recovering growth.

The Chinese president stressed that Europe is the largest economy in the world and the global economy can realize recovery only if Europe understands that.


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