Chinese President Hu Jintao urged all countries to intensify dialogue and coordination in macro-economic policy to jointly promote the balanced and orderly development of the world economy.

Hu made the remarks while delivering a speech at the opening ceremony of the Seventh G20 Finance Ministers and Central Bank Governors Meeting, which was held in Beijing on Saturday.

Hu said with growing economic links and interdependence among all countries, the economic performance of individual countries, especially of major economies, has a profound impact on the world economy while the world economic situation will also significantly affect the development of each economy.

"Hence, to jointly promote balanced and orderly development of the world economy, all countries, major economies in particular, should not only adopt responsible economic policies to introduce necessary economic restructuring, keep major currencies reasonably stable and prevent trade protectionism, but also intensify dialogues on macro-economic policies and, most importantly, coordination on major issues that bear on the overall development of the world economy and the common interest of all countries," Hu said.

Source: Xinhua