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Hu Jintao to attend G20 summit

06-18-2010 17:05 BJT Special Report: Hu Visits Canada, Attends G20 Summit |

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Chinese President Hu Jintao will begin his five-day state visit to Canada next Wednesday. He will also attend the fourth G20 summit to be held in Toronto.

Chinese officials stressed the country's exchange rate policy will not be debated at the forum because it is a domestic issue. Vice Finance Minister, Zhu Guangyao, said that China will push for more balance within the global economy.

The head of the central bank's international department said the government will decide its foreign exchange rate policy based on domestic and global economic situations. Meanwhile, Vice Foreign Minister, Cui Tiankai, said China has several expectations for the summit.

Cui Tiankai, Vice Foreign Minister, said, "China hopes G20 members will enhance communication and coordination on macro-economic policies. China also expects the summit to push the International Monetary Fund to finish its quota reform, that would give more representation to emerging markets and developing countries. In addition, China hopes the Toronto summit will improve the international financial system and deepen reform of the international supervision system. China expects the summit to condemn trade protectionism and promote the completion of the Doha round. The summit should provide political support to the United Nation's high-level meeting on Millennium Development Goals in September this year."


Editor:Zhang Pengfei |Source:

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