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In focus more

FM: Hu´s proposals play important, constructive role at G20 summit

World pays greater attention to China´s role: U.S. expert

Asia-Pacific media praise G20

G20 gets positive reactions

Commerce Minister: China opposes protectionism, supports cooperation to fight crisis

Analysis: At G20, China finds way to raise stature in world finance

What can we expect of the G20?

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  • Asia-Pacific media praise G20
  • China´s role at G20 summit in eye of US media
  • Expert comments on 1 trln USD financing plan
  • G20 from Washington to London - Leading economic powers tackling crisis
Experts Say

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."

  • 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,"

Comment More

Currency basket can replace US dollar, says UN advisor

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,"

Stability, growth, jobs = $1 trillion

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.

No room for failure at G20 summit

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.

President Hu More
Chinese president Hu: Let´s work together

Chinese president Hu: Let´s work together




President Hu Jintao has called on the international community to join hands to ride out the current global financial crisis.

  • President Hu returns to Beijing after attending G20 summit
  • Chinese president meets S Korean president, says ready to deepen bilateral relations
  • Chinese president Hu: Let´s work together
  • Chinese president Hu meets with state leaders
  • Hu Jintao calls for confidence
China Actions

Chinese FM: China´s achievements at G20 in 5 main areas

  • Chinese FM: China´s achievements at G20 in 5 main areas
  • G20 gets positive reactions
  • Chinese president meets S Korean president, says ready to deepen bilateral relations
  • Former U.S. secretary of state: China, U.S. indispensable for future global efforts
  • China cooperating in tackling financial crisis
  • Vice president meets with U.S. Treasury Secretary
  • Chinese president Hu: Let´s work together
  • Chinese president Hu meets with state leaders
China's Voice

"China calls for creation of a new currency to replace USD, and the use of SDRs should be expanded."

China supports the IMF´s innovative financing attempts, and will "actively consider" buying bonds issued by the IMF.

* China calls for full-scale financial system overhaul

* China demands for more rights for developing countries

* China rejected trade and investment protectionism of all kind

US Actions
Obama satisfied with G20 summit outcome

Obama satisfied with G20 summit outcome

Sino-U.S. strategic and economic dialogues to merge

Chinese Vice-Premier Wang Qishan and U.S. Treasury Secretary Timothy Geithner met in London on Thursday after the conclusion of the G20 summit to further confirm the establishment of a "double-track" Strategic and Economic Dialogue mechanism (SAED) between China and the US, following up on an announcement made when Chinese President Hu Jintao met US President Barack Obama on Wednesday, prior to the G20 summit.

World pays greater attention to China´s role: U.S. expert

A U.S. economist lauded China´s role in the G20 Summit, saying other countries were paying greater attention to what China has said and done.

Former U.S. secretary of state: China, U.S. indispensable for future global efforts

Forging a peaceful, productive Sino-U.S. relationship could be the foremost task in the first half of the 21st century because any future attempt to stabilize the world must include both China and the U.S.

Wall Street rallies on accounting rule changing, G20 meeting

Vice president meets with U.S. Treasury Secretary

Vice Premier Wang Qishan is upbeat about China and the US´s decision to set up a Strategic and Economic Dialogue.

EU Actions
Brown says London summit results will shorten recession

Brown says London summit results will shorten recession

Spain to contribute $5.2 billion to G20 fund

Brown talks about China´s proposal for new global reserve currency

At the news conference of British Prime Minister Gordon Brown, CCTV reporter Rui Chenggang asked about China´s proposal for a new global reserve currency.

Chinese president Hu meets with French French Sarkozy

President Hu Jintao also met his French counterpart Nicolas Sarkozy, a rare meeting amidst a chilled relation after France has announced not to interfere in China´s internal affairs.

Brown says London summit results will shorten recession

Brown says China deserves more say in IMF

British Prime Minister Gordon Brown said here at a press conference following the G20 summit that China has deserves the right to demand more say and representation in the International Monetary Fund (IMF).

Photos
  • U.S. first lady stylin´ in London
    U.S. first lady stylin´ in London
  • G20 leaders hammer out massive plan to tackle financial crisis, revive economy
    G20 leaders hammer out massive plan to tackle financial crisis, revive economy
  • Leaders talk at G20 summit
    Leaders talk at G20 summit
  • British PM greets G20 leaders in London
    British PM greets G20 leaders in London
  • British PM hosts working dinner for leaders attending G20
    British PM hosts working dinner for leaders attending G20
  • Wives and guests of G20 delegates attend working dinner
    Wives and guests of G20 delegates attend working dinner
Finance Minister Meeting

G20 ministers agree to pursue efforts to restore global growth

Chinese FM comments on G20 meeting

  • Chinese FM comments on G20 meeting
  • Chinese Finance Minister Xie Xuren and banker Zhou Xiaochuan attend G-20 finance meeting
  • G20 finance ministers, bankers meet in Britain
  • Commentary: Reforming int´l financial organizations should be on G20´s must-do list
  • European expert: G20 summit to be stage of confidence-building
  • G20 ministers meet amid divisions
  • G20 finance ministers, bankers meet for talks on financial crisis
  • Minister: G20 meeting sends positive signal, boosts confidence
G20 in Washington

World leaders agree on immediate moves

World leaders attending G20 summit

  • Bush hails G20 summit, leaves more work behind
  • EU, French top officials applaud G20 financial summit results
  • World leaders commit to open global economy
  • China, Japan, S Korea to enhance collaboration in addressing global financial crisis
  • World leaders agree to boost global economy
  • U.S. president: G20 summit first joint step to tackle global financial crisis
  • G20 summit: Great expectations, but will it deliver?
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