Chinese president calls for joint efforts to tackle financial crisis

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Play VideoFinancial crisis top issue in Chinese President´s talks with SCO members Play VideoPresident Hu meets leaders at SCO summit

During his speech at the SCO summit, Chinese President Hu Jintao called for joint efforts to overcome the difficulties, and ride out the world financial crisis. He also urged SCO member states to further promote cooperation in politics, economy, security and culture.

President Hu hailed the development of the SCO. He also called for further cooperation, coordination and exchanges within the framework of the organization.

He called for stronger political trust. This means continuing to carry out the good-neighbor treaty of friendship and cooperation. SCO members should also work for common prosperity, regional peace and stability, and a more just and reasonable international political and economic system.

The Chinese president called on SCO members to work together in dealing with the impact of the international financial crisis, and to push for the recovery of world economy.

He proposed speeding the implementation of energy, transportation, and telecommunication network programs, promoting cooperation in new industries, pushing for more convenient trade, and protecting an open and free environment for trade and investment. He also suggested a financial dialogue mechanism.

Chinese President Hu Jintao attends the small-sized group meeting of  the leaders of Shanghai Cooperation Organization (SCO) member states  and observers in Yekaterinburg, Russia, on June 16, 2009.(Xinhua Photo)

President Hu called on expanding security protection cooperation on major international activities to observer countries. Other areas to strengthen are the fight against drug production and smuggling and cross-border organized crime. He called for implementing the agreement to fight money laundering, and protecting energy pipelines.