Hong Kong Media: &Nbsp On The Eve Of The G20 Summit; What Are The Frequent Interactions Between Chinese And European Leaders?

President Hu Jintao is currently on a visit to France and Portugal.

On the eve of the G20 summit, leaders from China and Europe interact frequently.

Beijing international experts pointed out that China and Europe share common interests and face common challenges in reforming the international financial system, giving greater powers to new developing countries, opposing trade protectionism, and promoting trade and investment liberalization and facilitation. We believe that the two sides can further coordinate their positions in such fields as strategic mutual trust, economic and trade, international financial system reform, anti-terrorism and climate change.

President Hu Jintao is currently on a visit to France and Portugal.

Xing Hua, director of the center for EU Studies of the Institute of international studies of China, pointed out to the Hongkong Wenhui newspaper that the French side had received high-profile reception of Hu Jintao's visit and arranged several summit meetings, which fully showed that the French side attached great importance to Sino French relations, indicating that leaders of China and France had strong wishes to exchange views in depth on bilateral relations, regional and international issues, and placed high expectations on the two sides in reaching a consensus in the field of politics and economy and trade.

Feng Zhongping, director of the European Institute of modern University of International Relations, believes that Hu Jintao's visit will continue to push forward the Sino French relations on the basis of the consensus of both sides in April this year. But the real impact of the visit is not confined to bilateral categories.

He said that France also had many ideas about the development of the group of 20, and believed that France and China would strengthen coordination on cooperation under the G20 framework.

Xing Hua believes that in the face of the global risks and challenges of "trade war" and "currency war", France, which is about to take up the rotating presidency of G20, will shoulder the important task of building consensus and enhancing cooperation. The two leading powers of China and France are soberly aware of the importance of strengthening cooperation to the whole world.

Xing pointed out that China and Europe share more common positions in the reform of the international financial system, giving more power to big emerging developing countries, opposing trade protectionism, and facilitating trade and investment liberalization.

In addition, on the issue of RMB exchange rate, France and other European countries have not made much noise like the United States.

Xing Hua believes that European countries such as France prefer to resolve the issue of RMB exchange rate through peaceful discussions, hoping to avoid widening and politicizing differences.

Wang Zhenzhong, deputy director of the Institute of Economic Research of the Chinese Academy of Social Sciences, believes that as the G20 summit approaches, all developed countries, especially Japan, will most likely follow the US quantitative easing policy.

Asset bubbles and liquidity hot money will surely become the most anxious topic at the summit, and the RMB exchange rate issue will not play a leading role in the summit.