Chinese President Hu Jintao has left Beijing on Wednesday, or April 1, for London to attend the second Group of 20 (G20) Financial Summit, scheduled for April 1-2, at the invitation of British Prime Minister Gordon Brown.
This is the extraordinary summit, which has become the focus of worldwide attention, as the present deteriorating financial issue is rated as top global concern. Since China has become the third largest economy, its participation in international cooperation to respond to global financial crisis has drawn the growing attention worldwide.
On the evening of October 21 last year, President Hu Jintao held a telephone conversation with then his US counterpart George W. Bush. The leaders had a detailed exchange of ideas about the planned international financial summit and how to strengthen international cooperation to cope with financial crisis at the incoming G20 Summit of Financial Markets and the World Economy and the 16th Informal APEC Leadership Meeting.
With the passage of more than five months since then, global attention has turned increasingly to the voice of China and the actions and role it has taken. Coordinated global response to the world economic and financial crisis highlights Hu's two phone talks with US President Barack Obama and numerous conversations with leaders of Asian, African, European, North and South Americans and Oceania countries. Hu also enunciated the position and views of his country on enhancing international cooperation, resuming the stability of financial markets and spurring global economic growth in about 40 multilateral and bilateral talks or on other occasions with leaders around the world during this five-year period, according to statistics made by reporters.
World opinions highly appraise China's shared responsibility and the international community has enthusiastically acclaimed the country's major moves to help safeguard the global economic and financial stability and promote the world economy growth.
"China must first and foremost run its own affairs well," said President Hu Jintao while addressing the Opening Ceremony of the Seventh Asia-Europe meeting held in Beijing on 24-25 October 2008.
In late December 2008, President Hu visited some factories during an inspection tour of Liaoning province, northeast China, where he said: "We should be clear about the serious challenges and difficulties from home… various serious, affected by the international financial crisis." And he also reminded people that"...we should translate immense pressure into the motive force and turn challenges into opportunities."
Moreover, at the two annual sessions of the 11th National People's Congress (NPC) and the 11th Chinese People's Consultative Congress (CPPCC) convened in the Chinese capital of Beijing in early March, he encouraged NPC deputies and members of the CPPCC National Committee to keep advancing in defiance of difficulties, seize opportunities, take the initiative, and strive to "bring about the better and faster socio-economic development."
Amid intense, volatile upheavals of the present global financial markets coupled with investors' spreading panic, China has resorted to a range of measures to demonstrate its increasing confidence and resolve. It cut interest rated three times within two months last year, respectively on Sept. 15 and Oct. 8 and 29 as a very clear indication of its obligations and high sense of responsibility. Shortly afterwards, the county made major overhauls to its policies for macro-economic regulation.
Meanwhile, the Chinese government announced a two-year 4 trillion yuan, or $586 billion, stimulus plan in early November 2008 through the means of reviving economic growth and bolster corporate earnings, in a bid to expand domestic consumption and promote economic growth. "Increasing economic growth, improving people's livelihood and securing stability" – poses a signal or message the recent NPC and CPPCC sessions have conveyed to the world.
While reviewing a very important speech, which was entitled "Making Joint Efforts to Tide over Difficulties" President Hu delivered at the first G20 Summit on Financial Markets and the World Economy held in Washington D.C. in November 2008, people have come to acknowledge all the more the significance of this speech of his, in which he appealed to the international community to pluck up confidence, enhance cooperation and strengthen cooperation.
To date, China has been internationally-acclaimed as the nation that has given scope to a vital, constructive role in a joint-response to global financial crisis. People worldwide now have an ample reason to believe that China will undoubtedly go on playing a positive and constructive role and that the country is bound to display more confidence and strength in seizing opportunities, meeting challenges and overcoming a host of difficulties by working alongside the international community in a joint endeavor to stabilize financial markets and spur the restoration of global economic growth.
By People's Daily Online and contributed by senior PD reporters Wu Qimin and Wei Dongze
|
Comment
Tell A Friend
Print Format
Save Article