Jeffrey Sachs, special advisor to UN Secretary General Ban Ki-moon Currency basket can replace US dollar "I think China should play a cooperative role with Japan, South Korea and other Asian countries to introduce a regional currency while the world is trying to replace the old reserve currency system."
David Shambaugh, professor from George Washington University "Obama´s acceptance of Hu´s invitation to visit China later this year is a good sign. Obama´s administration starts a very good beginning with China."
Lin Yifu, World Bank Senior VP G20 summit to achieve results on protectionism "China will represent developing nations, and offer suggestions for discussion. This is the role China will play at the G20 summit."
Lindsay Tanner, Australian Finance Minister Tanner said the meeting is likely to result in a commitment to further stimulus spending. "All of those issues are pretty important to the question of how quickly we see economic normality being resumed,"
A UN advisor has suggested that a basket of currencies - including a regional currency in Asia - could replace the US dollar in shaping the global financial system. "I think China should play a cooperative role with Japan, South Korea and other Asian countries to introduce a regional currency while the world is trying to replace the old reserve currency system,"
The Group of 20 leaders yesterday pledged an additional $1.1 trillion to restore credit, growth and jobs in the world economy, announcing a broad raft of measures designed to hasten the end of the global financial crisis.
Clouds, chilly winds and widespread cynicism about the world leaders´ ability to overcome hardships embrace the Group of 20 (G20) Summit which opens in London today.
