Per capita GDP to reach $3,000 in 15 years (Chinadaily.com.cn/Xinhua) Updated: 2005-10-15 12:40
Int'l economic regimes urged to be improved
During his speech with the title of "Strengthening Global Cooperation to
Promote Common Development", Hu urged international economic and
trading regimes and rules to be improved, so as to promote a
balanced and orderly development of the world economy.
President Hu Jintao
(R) and Finance Minister Jin Renqing (L) show the way to US Federal
Reserve Chairman Alan Greenspan (C) after a meeting with leaders of the
G20 Finance Ministers and Central Bank Governors inside the Great Hall of
the People in Beijing October 15, 2005.
[Reuters] |
"We should give vigorous support to efforts to improve the international
financial institutions, build up international community's capacity to prevent
and cope with crisis and to maintain financial stability and promote
development, and create a fair, stable and efficient financial environment for
the growth of world economy," he said.
"We need to make concerted efforts to stabilize the global energy market so
as to forge an environment for adequate supply and safe, economical and clean
use of energy to fuel world economic growth," he added.
"We should also energetically support the establishment of an open, fair,
reasonable and non-discriminative multilateral trading system so as to create a
sound trading environment for global economic growth to the benefit of all
countries, developing countries in particular," he said.
The development of the multilateral trading system is now at a crucial stage,
he said, adding that the outcome of the Doha Round will have a direct impact on
promoting the balanced and orderly world economic development.
He urged parties concerned to display greater political sincerity and
demonstrate necessary flexibility to vigorously push forward the Doha Round and
work for substantive results at the Ministerial Meeting of the WTO at the end of
this year.
China is ready to continue its consultation and cooperation with all parties
concerned and work hard for the conclusion of the Doha Round in 2006 with
comprehensive and balanced outcome, he said.
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