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Hu addresses commodity prices, energy, food security in G-20 summit speech


10:41, November 05, 2011

Chinese President Hu Jintao gives a speech at the Group of Twenty (G20) summit in Cannes, France, Nov. 4, 2011.(Xinhua)

CANNES, France, Nov. 4 (Xinhua) -- Chinese President Hu Jintao on Friday delivered a speech at the G-20 summit on key issues such as the fluctuation of staple commodity prices, energy and food security and employment.

On the issue of the fluctuation of staple commodity prices, Hu noted that the G-20 needs to focus on the following three aspects:

First, seek a proper balance between the stabilization of staple commodity prices and the promotion of world economic growth.

The G-20 needs to adopt measures to expand productive capacity, stabilize supply and demand, strengthen supervision,increase the transparency of market transactions and curb speculation so as to maintain the stability of staple commodity prices at a reasonable level.

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