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Chinese President makes three proposals for economic growth

06-29-2010 08:50 BJT Special Report: Hu Visits Canada, Attends G20 Summit |

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China was represented at the summit by President Hu Jintao. There, he said it's "imperative and incumbent" for the G20 to help developing countries achieve full development, and narrow the development gap between the North and South.

He also said the world economy is gradually recovering, thanks to the concerted efforts of G20 members and the entire international community. However, he warned that the recovery wasn't firmly established, was unbalanced, and still facing "many uncertainties".

Seeking to address these problems, the Chinese President laid out a three-point proposal. First, G20 countries should turn the summit's role from an effective mechanism in countering the international financial crisis, to a premier platform for advancing international economic cooperation.

Secondly, the establishment of a new international financial order that is fair, equitable, inclusive and well-managed should be accelerated.

And thirdly President Hu Jintao said, it's necessary to build an open and free global trading regime and reject all forms of protectionism.

Editor:Xiong Qu |Source:

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