Quake Shocks Sichuan
Nation demonstrates progress in dealing with severe disaster
Current Issue
· Table of Contents
· Editor's Desk
· Previous Issues
· Subscribe to Mag
Subscribe Now >>
Expert's View
Market Watch
North American Report
Government Documents
Expat's Eye
Photo Gallery
Reader's Service
Learning with
'Beijing Review'
E-mail us
RSS Feeds
PDF Edition
Reader's Letters
Make Beijing Review your homepage
Hot Links

cheap eyeglasses
Market Avenue

Print Edition> World
UPDATED: November 15, 2010 NO. 46 NOVEMBER 18, 2010
Diplomatic Dynamics (46)

China Calls for Balanced Growth

Assistant Foreign Minister Liu Zhenmin called on members of the Group of 20 (G20) to work together to shore up market confidence and consolidate the momentum of world economic recovery at a November 5 press conference.

Chinese President Hu Jintao will attend the fifth G20 Summit in Seoul, the Republic of Korea, as well as the 18th Asia-Pacific Economic Cooperation Economic Leaders' Meeting in Yokohama, Japan, from November 11 to 14.

China is willing to cooperate with the international community within the G20 framework to achieve robust, sustainable and balanced economic growth, Liu said. It will work to help reform international financial institutions and solve problems related to development, financial supervision and world trade.

He said China hoped to achieve the following goals at the G20 Summit:

Enhancing coordination on macroeconomic policies based on the principle of mutual benefit and win-win results, while sending a signal that G20 nations will work together to counter economic challenges;

Promoting the reform of international financial institutions, tightening supervision of the international financial market and increasing the representation of newly emerging markets and developing countries in international financial institutions;

- Helping narrow the development gap between the North and the South and providing political support for the realization of the curbing trade protectionism and securing a comprehensive and balanced outcome of the Doha Round of WTO negotiations.

Curbing trade protectionism and securing a comprehensive and balanced outcome of the Doha Round of WTO negotiations.

G20 members should pay equal attention to the concepts of "robustness," "sustainability" and "balance" when discussing economic growth, said Vice Minister of Commerce Yi Xiaozhun.

G20 countries should strive to balance international trade, while resisting trade protectionism, keeping exchange rates stable, removing export limits against developing countries, and strengthening capital and technological support to these countries, he said.



Top Story
-Too Much Money?
-Special Coverage: Economic Shift Underway
-Quake Shocks Sichuan
-Special Coverage: 7.0-Magnitude Earthquake Hits Sichuan
-A New Crop of Farmers
Most Popular
About BEIJINGREVIEW | About beijingreview.com | Rss Feeds | Contact us | Advertising | Subscribe & Service | Make Beijing Review your homepage
Copyright Beijing Review All right reserved