Trilateral Coordination

China, Russia and India called on other members of the Group of 20 (G20) major economies to implement agreements reached at G20 summits.

At their 10th trilateral talks in Wuhan, capital city of central China's Hubei Province, on November 15, Chinese Foreign Minister Yang Jiechi, Russian Foreign Minister Sergei Lavrov and Indian External Affairs Minister S.M. Krishna called for efforts to strengthen macroeconomic policy coordination and promote "strong, sustainable and balanced growth" of the world economy.

The G20 has become a major forum for international economic and financial cooperation, they said.

At the same time, they underlined the need to reform the international financial system, while voicing opposition to protectionism.

They also agreed the three countries would step up consultation to play a positive role within the framework of BRIC (Brazil, Russia, India and China), as well as within mechanisms for economic and security cooperation in the Asia-Pacific region.

The BRIC countries have convened two summits in Russia and Brazil and a third summit is scheduled to be held in China next year.

Chilean President Visits China

China will expand trade ties with Chile by boosting collaboration in many areas, including agriculture, science and technology, mineral resource development, light industry and home appliances, said Chinese President Hu Jintao.

Hu made the remarks while meeting with visiting Chilean President Sebastian Pinera in Beijing on November 16. The two countries signed three agreements on economic cooperation following the meeting.

Chile is the first Latin American country to recognize China's full market economy status and sign a bilateral free trade agreement with China. China is Chile's biggest trade partner, while Chile is China's second biggest trade partner in Latin America. Official Chinese statistics show bilateral trade totaled $17.72 billion last year.

The two countries should deepen political trust, increase cultural exchanges and enhance coordination in international and regional organizations, Hu added.

The visit, which came as the two countries celebrated the 40th anniversary of their diplomatic relations, was Pinera's first state visit to China since taking office in March.