Seeking to address these problems and materialize a strong and balanced growth worldwide, the president laid out a three-point proposal.
"First, we need to turn the G20 from an effective mechanism to counter the international financial crisis to a premier platform for advancing international economic cooperation," said the president.
Hu further elaborated on his expectations for a function-adjusted G20 framework.
"The complex world economic situation makes it necessary for the G20 to play a guiding role. We need to take a longer-term perspective and shift the focus of the G20 from coordinating stimulus measures to coordinating growth, from addressing short-term contingencies to promoting long-term governance and from passive response to proactive planning," he said.【1】 【2】 【3】 【4】 【5】