President Hu Jintao will pay a state visit to Denmark and attend the 7th leaders' summit of Group of 20 in Los Cabos, Mexico from June 14 to 19. China hopes the summit will continue to promote economic growth and stability against the backdrop of the volatile world economic situation.
Hu Jintao said here Tuesday that establishing a fair, just, inclusive and orderly international financial system is conducive to the long-term sound and steady growth of the world economy and meets the common interests of the world.
1. Economic stabilization and structural reforms as foundations for growth and employment.
2. Strengthening financial system and fostering financial inclusion to promote growth.
3. Improving the international financial architecture in an interconnected world.
4. Enhancing food security and addressing commodity price volatility.
5. Promoting sustainable development, green growth and the fight against climate change.
The G20 is an informal forum for discussion between advanced and emerging countries that seeks to strengthen international cooperation and ensure global economic stability. The G20 has its origin in the 1998 Asian economic crisis. One year later, the finance ministers and central bankers of the most important global economies convened in Berlin, Germany, at a meeting co-sponsored by the finance minister of Canada and the finance minister of Germany. [Official website of the Mexico summit]
G20 Members: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union.Invitees: Spain (permanent guest), Benin, Cambodia, Chile, Colombia.The World Bank and International Monetary Fund also participate on a permanent basis.