Sat, April 04, 2009

London G20 summit 2009

G20 Summit pledges funds of US$1.1 trillion

The second G20 Summit concluded in London on Thursday with consensus on how to save the world out of the financial crisis, including pledges of 1.1trillion U.S. dollars to the International Monetary Fund,the World Bank and other multilateral financial organizations. Full story

BACKGROUND

What is G20?

The G20 is a group of finance ministers and central bank governors from 20 economies: 19 of the world's largest national economies, plus the European Union (EU).

POLL

Can the upcoming G20 London summit produce substantive results in dealing with global financial crisis?
Yes.
No.
Hard to say.

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Commentary & Analysis

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Analysis: But will it work?

2009-04-03 03:54:44 GMT SINA.com WASHINGTON – Will it all work? World leaders achieved the minimum at their London summit, cobbling together more resources for the International Monetary Fund and pledging to better regulate unruly financial markets. But no country would budge from its bottom line, so the biggest goals were not met.

No room for failure at G20 summit

2009-04-02 05:49:21 GMT China Daily Clouds, chilly winds and widespread cynicism about the world leaders' ability to overcome hardships embrace the Group of 20 (G20) Summit which opens in London today.

Commentary: New commitment boosts China-U.S. ties in 21st century

2009-04-01 21:20:13 GMT Xinhua English BEIJING, April 2 (Xinhua) -- Chinese President Hu Jintao and U.S. President Barack Obama agreed on Wednesday their countries will work together to build a positive, cooperative and comprehensive China-U.S. relationship for the 21st century.

News Analysis: China-U.S. summit well-timed in fight against economic crisis

2009-04-01 17:11:13 GMT Xinhua English BEIJING, April 1 (Xinhua) -- The summit between the two presidents of China and the United States, the largest developing country and developed country, is well timed and bears special significance as the world is bogged down in the worst economic crisis in decades, analysts say.

President Hu at G20

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FM: Hu's proposals play important, constructive role at G20 summit

2009-04-03 20:31:39 GMT Xinhua English LONDON, April 3 (Xinhua) -- Chinese President Hu Jintao made concrete proposals on tackling the global financial crisis at the G20 London summit, playing an important and constructive role for the summit to gain pragmatic results, the Chinese foreign minister said on Friday.

Chinese president addresses G20 summit, meets leaders of Australia, Japan, Brazil, Britain

2009-04-03 06:42:24 GMT Xinhua English LONDON, April 2 (Xinhua) -- Chinese President Hu Jintao addressed the Group of 20 summit and met with leaders from Australia, Japan, Brazil and Britain on the sidelines of the meeting here Thursday.

Chinese president calls for concerted efforts to tide over crisis at G20 London summit

2009-04-02 22:06:50 GMT Xinhua English LONDON, April 2 (Xinhua) -- Chinese President Hu Jintao on Thursday called on the international community to join hands to tide over the current global financial crisis at the second Group of 20 (G20) financial summit here.

Chinese president meets Australian PM

2009-04-02 21:58:44 GMT Xinhua English LONDON, April 2 (Xinhua) -- Chinese President Hu Jintao on Thursday met with Australian Prime Minister Kevin Rudd after the second Group of 20 (G20) financial summit ended in London.

Latest News

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Obama satisfied with G20 summit outcome

2009-04-03 03:16:25 GMT Xinhua English LONDON, April 2 (Xinhua) -- U.S. President Barack Obama has called the one-day London Summit "very productive" and "historic," saying it was the first major step in tackling the world economic challenges.

Stability, growth, jobs = US$1 trillion

2009-04-03 02:39:36 GMT China Daily The Group of 20 leaders yesterday pledged an additional $1.1 trillion to restore credit, growth and jobs in the world economy, announcing a broad raft of measures designed to hasten the end of the global financial crisis.

Currency basket can replace US dollar, says UN advisor

2009-04-03 02:20:40 GMT China Daily LONDON: A UN advisor has suggested that a basket of currencies - including a regional currency in Asia - could replace the US dollar in shaping the global financial system.

Wall Street rallies on accounting rule changing, G20 meeting

2009-04-02 23:44:03 GMT Xinhua English NEW YORK, April 2 (Xinhua) -- Wall Street rallied on Thursday with all major indexes rising more than 2 percent as the U.S. Financial Accounting Standard Board (FASB) relaxed mark-to-market rules and the G20 leaders agreed in London to boost global economic recovery.

Voices from member countries

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Barroso outlines five tests of G20 London summit

2009-03-31 17:30:08 GMT Xinhua English LONDON, March 31 (Xinhua) -- The upcoming G20 summit in London should pass five tests for its success, including a consensus on fiscal stimulus and global financial reform, European Commission President Jose Manuel Barroso said on Tuesday.

Chinese President calls for joint efforts to tackle financial crisis

2009-03-31 17:11:55 GMT Xinhua English BEIJING, March 31 (Xinhua) -- Chinese President Hu Jintao has called for strengthened coordination among different nations on economic polices and joint efforts against trade and investment protectionism to help the world economy recover.

British PM: G20 summit must provide confidence, hope

2009-03-31 13:47:19 GMT Xinhua English LONDON, March 31 (Xinhua) -- The upcoming Group of 20 (G20) summit must provide confidence and hope to the world economy and the people, British Prime Minister Gordon Brown said on Tuesday.

Australia climate institute calls for climate change to be focus in G20 meeting

2009-03-31 03:54:25 GMT Xinhua English CANBERRA, March 31 (Xinhua) -- An Australian environmental think-tank called on Australian Prime Minister Kevin Rudd on Tuesday to make climate change a focus of the upcoming G20 summit.

Video & Photo

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British PM hosts working dinner for leaders attending G20

2009-04-02 08:44:45 GMT Xinhua English British Prime Minister Gordon Brown hosted a working dinner for the leaders attending the Group of 20 Countries (G20) summit at No. 10 Downing Street April 1, 2009. The G20 Summit on Financial Markets and World Economy will be held in London on April 2.

Queen Elizabeth II receives G20 leaders at Buckingham Palace

2009-04-02 08:41:19 GMT Xinhua English British Queen Elizabeth II hosted a reception for leaders of the Group of 20 Countries (G20) at Buckingham Palace in London April 1, 2009. The G20 Summit on Financial Markets and World Economy will be held in London on April 2.

Sino-US dialogue set for summer

2009-04-02 08:30:57 GMT China Daily China and the US have agreed to set up a “strategic and economic dialogue” mechanism that will have its first meeting in a few months, President Hu Jintao and his US counterpart Barak Obama announced in London yesterday. The two sides will host the first round of dialogue in Washington DC this summer.

London prepares for G20

2009-04-01 06:36:14 GMT Reuters Police in London conduct last minute checks in sensitive security zones of the city in preparation for the G20 summit.

Backgrounder

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Facts and figures about Chinese president's G20 tour

2009-04-02 05:08:33 GMT Xinhua English BEIJING, April 2 (Xinhua) -- Chinese President Hu Jintao is in London for the Group of 20 (G20) summit, ahead of which he successively met with his U.S., British, Russian and French counterparts. The following are some facts and figures about his tour.

Highlights of Chinese president's G20 tour

2009-04-02 02:58:53 GMT Xinhua English BEIJING, April 2 (Xinhua) -- The following are highlights of the Group of 20 (G20) tour by Chinese President Hu Jintao on Wednesday.

Backgrounder: Basic facts about Group of 20

2009-04-01 10:08:15 GMT Xinhua English BEIJING, April 1 (Xinhua) -- The leaders of the Group of 20 (G20) will meet in London on Thursday to discuss measures to tackle the current financial crisis and rescue the global economy.

2009 G20 London summit

2009-03-31 03:55:13 GMT SINA.com The G20 Leaders' Summit on Financial Markets and the World Economy is scheduled to take place in London on 2 April 2009. It follows the first G20 Leaders Summit, that took place in Washington D.C. on 14–15 November 2008. The venue of the Summit will be the ExCel Centre.