日批在线视频_内射毛片内射国产夫妻_亚洲三级小视频_在线观看亚洲大片短视频_女性向h片资源在线观看_亚洲最大网

G20 leaders open summit in London to tackle financial crisis

(Agencies)
Updated: 2009-04-02 17:06

Major developing countries also support reforming the world financial system, but they insist that should have a bigger say in multilateral financial discussion and relevant policy-making process.

Analysts believe that the fact that the G20 has usurped the G8 as the main forum for discussing the crisis already illustrates a shift in the economic and diplomatic landscape with the emergence of India, Brazil and, particularly, China as major players.

On Wednesday, leaders of major countries had separate meetings and called for closer cooperation in dealing with the financial crisis. 

Related coverage:  G20 Financial Summit Related readings:  Sino-US dialogue set for summer  Quotes from President Hu's G20 tour  President Hu talks with Obama on ties, crisis  Hu, Obama set up new economic dialogue  President Hu arrives in London for G20 summit  British police arrest 63 in G20 London summit protests

Chinese President Hu Jintao said at a meeting with his Russian counterpart Dmitry Medvedev Wednesday that China and Russia should strengthen cooperation to jointly overcome the current difficulties under the complicated and grave conditions of the world economy. The two countries need to strengthen communication and consultation, coordinate their stands within the G20 framework in particular, and push forward reforms of the international financial system, Hu said.

U.S. and British leaders voiced optimism that the G20 summit will reach consensus on concerted efforts to deal with major issues. "I am absolutely confident that this meeting will reflect enormous consensus about the need to work in concert to deal with these problems," said U.S. President Barack Obama after talks with Brown on Wednesday.

German Chancellor Angela Merkel and Sarkozy Wednesday called for concrete actions at the Group of 20 (G20), warning that those who do not abide by the G20 commitments must be singled out. Speaking at a joint press conference following their meeting in London one day ahead of the summit, Sarkozy said bank loans need to be traceable, funds needs to be registered and checked, adding that the aim of agreeing on new regulations for the financial sector is "non-negotiable."

The two leaders demanded that a new regulation of the international financial system be set up. "Without a new regulation ,there will be no trust. And without trust, there will be no recovery. It is a major objective, non-negotiable," said Sarkozy. Merkel said that "more regulation is necessary" for the world to get out of the crisis.  

   Previous 1 2 3 Next Page  

   Previous 1 2 3 Next Page  

China Effort

• China buys IFC bonds, backs trade finance
• Shopping team headed for US tour
• China, Argentina to push for equitable financial system
• Vice premier calls on G20 to fight crisis unitedly
• China calls for increasing cooperation with EU
• more

Global Action

• Desperate world leaders meet on economic woes
• UK's Brown hopeful for G20, says more to be done
• British FM: G20 needs more than empty words
• UN urges G20 to back $1t aid for poor nations
• EU leaders agree to lend 75 billion euros to IMF
• more

Related Coverage

• Hu at G20 and APEC
• China Statistics
• 2009 NPC and CPPCC
• Chinese Economy
• World Financial Crisis
• more