Tue, June 19, 2012
World > International Organizations > Hu Jintao visits Denmark, attends G20 summit

G20 participants kick off summit in Los Cabos

2012-06-19 02:10:15 GMT2012-06-19 10:10:15(Beijing Time)  Xinhua English

Mexican President Felipe Calderon (R) gives a speech during the opening ceremony of the Group of 20 (G20) summit in Los Cabos, Mexico, on June 18, 2012. (Xinhua/David de la Paz)

Mexican President Felipe Calderon gives a speech during the opening ceremony of the Group of 20 (G20) summit in Los Cabos, Mexico, on June 18, 2012. (Xinhua/David de la Paz)

Chinese President Hu Jintao (5th L, front) poses for a group photo with other participants of the seventh Leaders' Summit of the Group of Twenty (G20) in Los Cabos, Mexico, June 18, 2012.(Xinhua/Li Tao)

Chinese President Hu Jintao (5th L, front) poses for a group photo with other participants of the seventh Leaders' Summit of the Group of Twenty (G20) in Los Cabos, Mexico, June 18, 2012. (Xinhua/Ma Zhancheng)

    LOS CABOS, Mexico, June 18 (Xinhua) -- The seventh Leaders' Summit of the Group of Twenty (G20) opened in Los Cabos, a coastalresort in Mexico, shortly after 3 p.m., local time, Monday.

Mexican President Felipe Calderon delivered the opening speech to welcome leaders of the world's industrialized nations and majoremerging economies to the first plenary session of the two-day event with the global economic crisis on top of its agenda.

Among the world leaders were Chinese President Hu Jintao, U.S. President Barack Obama, German Chancellor Angela Merkel and British Prime Minister David Cameron.

"Los Cabos is a unique opportunity to confront crises and to preserve the environment," said Calderon. "Seeking a long-term growth plan does not seek to ignore the difficult situation facingthe world."

The summit was held at a time when global economy is facing great risks and uncertainties. Many fear that the eurozone debt crisis would top the agenda of this year's G20 summit.

Calderon contended that the debt crisis in Greece should not overwhelm the two-day summit's agenda, and that the issues long prepared by Mexico would remain under discussion.

"We want to achieve a comprehensive action plan for sustainablelong-term growth," said the Mexican president.

"I know that the people and governments of that continent are trying to build the Europe of the 21st century," he said. "I am confident that the crisis' long-term effect will be a stronger andmore united Europe."

Chinese President Hu Jintao, who attended all the previous G20 summits, was expected to present China's view on the fragile worldeconomic recovery and propose measures for global growth and stability at Monday's summit meeting, Chinese officials said.

The G20, which acounts for 90 percent of global output and two thirds of the world's population, has become the primary forum foreconomic and financial cooperation.

The G20 groups Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, the Republic of Korea, Turkey, the United Kingdom, the United States, as well as the European Union.

Related:

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

Chinese president attends G20 summit in Los Cabos

Chinese president calls for closer BRICS cooperation, G20 coordination

G20 summit starts, Chinese president expected to speak on growth

Hu calls for nations to stick together to ensure growth

${Hu visits Denmark, attends G20 Summit}

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