He said that the G20 must act in a "cautious and appropriate" way concerning the timing, pace and intensity of an exit from the stimulus packages and consolidate the momentum of the world economic recovery.
The Chinese leader said G20 nations should strengthen coordination of macroeconomic policies among them, support countries hit by the sovereign debt crisis in overcoming the current difficulties.
He called for well managing the G20's relationship with other international organizations and multilateral mechanisms and ensuring that the G20 "plays a core role in promoting international economic cooperation and global economic governance."
Secondly, the Chinese leader said "we need to accelerate the establishment of a new international financial order that is fair, equitable, inclusive and well-managed."
"We must learn the hard lessens of the international financial crisis, take effective measures to address the root causes of the crisis and push forward reform to ensure that the future international financial supervisory and regulatory regime is easy to operate and highly accountable," he said.【1】 【2】 【3】 【4】 【5】