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Chinese, Russian presidents meet on bilateral ties, economic crisis

2009-04-01 16:41:16 GMT2009-04-02 00:41:16 (Beijing Time)  Xinhua English

Chinese President Hu Jintao (L) meets with Russian President Dmitry Medvedev in London, Britain, April 1, 2009. (Xinhua/Ju Peng)

Chinese President Hu Jintao meets with Russian President Dmitry Medvedev in London, Britain, April 1, 2009. (Xinhua/Zeng Yi)

LONDON, April 1 (Xinhua) -- Chinese President Hu Jintao and Russian President Dmitry Medvedev met in London on Wednesday to discuss Sino-Russian ties, the global financial crisis and issues of common concern.

This is the third meeting between the two presidents in less than five months.

Hu and Medvedev met twice last November on the sidelines of a summit on financial crisis in Washington and the Economic Leaders' Meeting of the Asia-Pacific Economic Cooperation (APEC) in Lima.

In recent years, China and Russia have boosted cooperation and communication as well as their strategic and cooperative partnership, which have laid a foundation for cooperation in dealing with the financial crisis.

During his meeting with the Russian president in Lima on Nov. 23 last year, President Hu Jintao said that China and Russia should strengthen strategic coordination at a time when the global political and economic structures are undergoing the most profound changes since the end of the Cold War.

China and Russia should make concerted efforts to overcome the adverse impact of the ongoing global financial crisis, maintain sound momentum of their economic growth, and push ahead with reforms of the international financial system, Hu said.

Hu and Medvedev are meeting on the sidelines of a Group of Twenty (G20) summit on financial crisis, which is scheduled for Thursday in London.

The London Summit brings together leaders of the G20, and representatives of international organizations and financial institutions to work cooperatively to restore stability and stimulate global economic growth.

At Thursday's summit, the leaders will focus on such subjects as enhancing coordination of macroeconomic policies, strengthening international financial regulation and stabilizing global financial market, as well as reforming international financial institutions.

Chinese Vice Foreign Minister He Yafei told reporters on March 23 that President Hu will deliver a speech at the summit to elaborate China's opinions and proposition on these subjects.

China endeavors to push for positive and pragmatic results at the upcoming London summit, He added.

The G20 consists of China, Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States, and the European Union.

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