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Communist Party of China CPC>>News
09:01, June 28, 2010

Chinese president urges to help developing countries achieve development
It is "imperative and incumbent" for the G20 to help developing countries achieve full development and narrow the development gap between the North and South, visiting Chinese President Hu Jintao said at the Fourth G20 Summit on Sunday.

Developing countries have been hit hard by the financial crisis and they find it a daunting task to overcome the difficulties caused by the crisis, Hu said in his speech at the summit.

The G20 is primarily composed of developed countries, emerging markets and developing nations with a relatively higher level of industrialization, Hu said, adding that the combined GDP of G20 members accounts for 85 percent of the world's total.

"However, we should not neglect the development aspirations of other developing countries, which take up over 85 percent of countries in the world," he said.

It was incumbent upon the G20 to provide stronger political drive, greater economic resources and better institutional guarantee for development, he added.


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