Foreign Media Commentary On G20 Financial Summit: China And Other Developing Countries' Influence Enhancement

The leaders of the twenty countries (G20) held a meeting in Washington, D.C., 15, local time.

The leaders attending the summit agreed to take action to promote a slowing world economy. The foreign exchange analysis said that the emergency summit marked the pformation of the monopoly position of the global economy in North America, Europe and Japan over the past decades, and the influence of developing countries such as China.

For the outcome of this summit, foreign media have different opinions. Some media said that the summit has helped greatly to alleviate the current financial crisis. Some media believe that because of the differences among countries and the absence of President elect Obama, the meeting is not very effective.

(The Associated Press) commented that the emergency summit marked the pformation of the monopoly of the global economy in North America, Europe and Japan for decades.

Countries attending the Washington conference include the fastest growing countries in the world, China and India, as well as South Africa.

The group of 20 is already in existence for 10 years at the level of finance minister and trade minister.

The commentary also quoted Prasad, an economics professor at Cornell University, as saying that the conference promoted the influence of developing countries such as China.

Prasad said: "I think bringing these leaders together is indeed a very strong symbolic meaning that these leaders are ready to contribute to solving the problem."

According to the analysis and analysis of the Wall Street journal, leaders are still hesitant about some important decisions to stimulate the economy.

More comments on the economy will be held until next April's summit, the report said.

In addition, the importance of the meeting was weakened to some extent because of the absence of the next president of the United States, Obama.

Obama will be president of the United States in January 20th next year.

The leaders of the group of 20 said they could hold another summit in less than 5 months.

The main theme of this meeting is to stimulate consumer spending by stimulating tax cuts and increasing government spending to avoid a slowdown in the global economic development.

Leaders attending the summit agreed to set up a "action plan" to stimulate world economic growth.

However, the "action plan" does not require measures coordinated by all countries, but allows countries to implement them according to their own circumstances.