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FM: Hu's proposals play important role at G20

(Xinhua)
Updated: 2009-04-04 14:02

Chinese President Hu Jintao (L) shakes hands with US President Barack Obama during their meeting in London, Britain, on April 1, 2009. [Xinhua]

Thirdly, Hu introduced to world leaders China's anti-crisis measures and preliminary achievements gained in tackling the economic downturn.

Fourthly, China voiced strong opposition to protectionism and concerns over development issues, Yang said.

Hu pointed out that protectionism had produced grave consequences, lessons of history must be learnt, and no country should resort to protectionism under the excuse of stimulating the economy.

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G20 Financial Summit

Yang said the crisis has taken its toll particularly on the developing nations and the UN Millennium Goals have also suffered as a result.

China, as the world's biggest developing nation, has spared no efforts in defending the interests of developing nations, the minister said.

Fifthly, Hu's visit promotes bilateral relations with some countries, Yang said.

In London, Hu held talks with his US counterpart Barack Obama in the first meeting between the two heads of state since the new US administration took office in January, agreeing to build a positive, cooperative and comprehensive relationship in the 21st century and establish a new "China-US Strategic and Economic Dialogue" mechanism.

The meeting ushered in a new era which features healthy and stable development of China-US relations, Yang said.

In a meeting between Hu and his Russian counterpart Dmitry Medvedev, the two leaders agreed to push forward bilateral ties, jointly tackle the global financial crisis and strengthen coordination in dealing with international affairs.

When meeting with British Prime Minister Gordon Brown, Hu reached broad consensus with him on tackling the international financial crisis, promoting the reform of the world financial system and enhancing bilateral relations.

Hu also met with his French counterpart Nicolas Sarkozy, Japanese Prime Minister Taro Aso, Brazilian President Luiz Inacio Lula da Silva, Australian Prime Minister Kevin Rudd, and South Korean President Lee Myung-bak.

Despite a tight schedule, Hu tried to seize every opportunity to explain China's positions and views on various issues and achieved good results, Yang said.

G20 groups the world's major economies and serves as a key and effective platform for tackling the current global economic and financial challenges, Yang said.

China is ready to work with other G20 members to implement the consensus reached at the London summit and make greater contributions to overcoming the financial crisis, renewing global economic growth and advancing international financial reforms, the minister concluded.

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