Hu Jintao: The Reform Of The International Monetary System Should Be Step By Step
The president of the People's Republic of China
Hu Jintao
On the afternoon of 5 local time, he arrived in nice by special plane and continued his visit in France.
That night, Hu Jintao held talks with French President Sarkozy again on the Seoul summit of the group of 20.
Reform of the international monetary system
Exchange views in depth.
Hu Jintao pointed out that all sides should continue to strengthen macroeconomic policy coordination in line with the spirit of mutual aid and win-win cooperation, and send a positive signal to the market that members of the group of 20 should unite to respond to the major challenges of the world economy, boost market confidence and consolidate the momentum of world economic recovery.
All parties should promote the reform of the international financial system, strengthen the supervision of the international financial market, increase the voice and representativeness of the emerging market countries and developing countries in the international financial institutions, promote the settlement of the unbalanced development between the north and the south, oppose various forms of protectionism, and promote the Doha round negotiations to achieve a comprehensive and balanced outcome and achieve the goal of the development round.
Hu Jintao stressed that the international community should seriously consider the causes of the financial crisis and learn from it so as to avoid a similar crisis.
The reform of the international monetary system should be
Proceed in an orderly way and step by step
Deep thinking, scientific argumentation, unified understanding and consensus.
Sarkozy said that France will soon assume the rotating presidency of the group of 20, and will assume its responsibilities and cooperate closely with China.
It is hoped that all parties will work together to push forward the reform of the international monetary system and strive to reach a consensus as soon as possible.
The French side is willing to discuss this with all sides including China.
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