China to strengthen co-op with Brazil to fight crisis

As the international financial crisis is still spreading and deepening, the international community should continue cooperation and jointly confront the challenges brought about by the crisis, Hu said.

China and Brazil have taken a positive and responsible attitude in fighting the crisis, and can also make contributions to safeguarding global financial market stability and restoring world economic growth, he said.

At the second Group of 20 (G20) financial summit in London, the leaders have reached important consensus on strengthening coordination of macroeconomic policies, stabilizing global financial markets and reforming international financial institutions, he said.

He said China and Brazil have conducted close cooperation at the financial summits both in Washington last year and in London this time, making important efforts to promote reforms of the international financial system and secure a bigger say for developing countries in the decision-making process in international economic and financial affairs.

"China will continue to strengthen cooperation with Brazil in this regard," said Hu.