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Hu Jintao

Wu Bangguo

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Communist Party of China CPC>>News
09:23, June 28, 2010

Chinese president calls for strong, sustainable, balanced global economic growth
Chinese President Hu Jintao laid out on Sunday a three-point proposal for promoting a strong, sustainable and balanced global economic growth.

While addressing the fourth G20 summit in Toronto, President Hu said in his speech titled "Work in unity for the future" that the world economy is gradually recovering with the help of the concerted efforts of G20 members and the entire international community.

However, he also warned that the recovery was unfirmly established, unbalanced, and still facing "quite many uncertainties," such as the expanding sovereign debt crisis, drastic exchange rates fluctuations of major currencies and persistent volatility in the international financial markets.

"All this shows that the deeper impact of the international financial crisis is yet to be overcome and systemic and structural risks in the world economy remain very serious," he said.


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