Tue, June 19, 2012
China > China & World > Hu Jintao visits Denmark, attends G20 summit

Securing growth, promoting stability top priority of G20 members, says Chinese president

2012-06-19 04:12:27 GMT2012-06-19 12:12:27(Beijing Time)  Xinhua English

Chinese President Hu Jintao addresses the seventh Leaders' Summit of the Group of Twenty (G20) in Los Cabos, Mexico, June 18, 2012. (Xinhua/Lan Hongguang)

LOS CABOS, Mexico, June 18 (Xinhua) -- Chinese President Hu Jintao said here Monday that at present, securing growth and promoting employment and stability should still be the top priority of G20 members.

"The world economy has come to a critical juncture and the improvement of global economic governance is an arduous task. We should build on the achievement we have made and strive for new progress," said President Hu in a speech at a two-day summit of the Group of Twenty (G20), which started in the Mexican resort of Los Cabos on Monday.

The G20 summit is being convened at a time when the global economy is facing great risks to growth and stability. The prolonged eurozone debt crisis, slowdowns in major developed nations and even in emerging economies, and high unemployment in parts of the world are all posing threats to a fragile recovery.

At the Los Cabos meeting, the G20 leaders have been exchanging views on issues including the global economic situation, the strengthening of the international financial system, development, trade and employment.

"We must value the role and influence of the G20, keep in mind the general trend of the world economy, strengthen solidarity, coordination and cooperation, and work together to overcome whatever risks and challenges that may come our way and advance the development and prosperity of the whole world," the Chinese president said.

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