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WASHINGTON, Nov. 15 (Xinhua) -- Chinese President Hu Jintao on Saturday called on the international community to make concerted efforts to tide over difficulties arising from the global financial crisis. Hu made the appeal while addressing a summit meeting of the Group of Twenty (G20) on financial markets and the world economy in Washington. RESTORE MARKET CONFIDENCE President Hu urged the international community to take all necessary steps to promptly restore market confidence and stop the spread and development of the financial crisis. "The international financial crisis has now spread from some parts of the world to the entire globe, from developed countries to emerging markets, and from the financial sector to the real economy," said Hu, who arrived here Friday for the G20 summit. "To effectively deal with the financial crisis, all countries should strengthen confidence and intensify coordination and cooperation," he stressed. To deal with the crisis, Hu said major developed countries "should undertake their due responsibilities and obligations, implement macroeconomic policies that are conducive to economic and financial stability and growth both at home and internationally, take active steps to stabilize their own and the international financial markets and safeguard investors' interests." "Meanwhile, we should all enhance macroeconomic policy coordination, expand economic and financial information sharing, and deepen cooperation in international financial regulation so as to create necessary conditions for stability in both domestic and international markets," Hu added. REFORM INTERNATIONAL FINANCIAL SYSTEM Hu urged the international community to earnestly draw lessons from the ongoing financial crisis and, based on full consultations among all stakeholders, undertake necessary reform of the international financial system. "Reform of the international financial system should aim at establishing a new international financial order that is fair, just, inclusive and orderly and fostering an institutional environment conducive to sound global economic development," Hu said. He said the reform should be conducted in a comprehensive, balanced, incremental and result-oriented manner. "A comprehensive reform is one that has a general design and includes measures to improve not only the international financial system, monetary system and financial institutions, but also international financial rules and procedures," he noted. "A balanced reform is one that is based on overall consideration and seeks a balance among the interests of all parties," Hu said. "An incremental reform is one that seeks gradual progress," said the president, adding that it should proceed in a phased manner, starting with the easier issues, and achieve the final objectives of reform through sustained efforts. "A result-oriented reform is one that lays emphasis on practical results. All reform measures should contribute to international financial stability and global economic growth as well as the well being of people in all countries," he stressed. Based on those considerations, Hu listed four priorities in reforming the international financial system -- stepping up international cooperation in financial regulation; advancing reform of international financial institutions; encouraging regional financial cooperation; and improving the international currency system. HELP DEVELOPING COUNTRIES COPE WITH CRISIS President Hu also called for international efforts to help developing countries and the least developed countries cope with the global financial crisis. "When coping with the financial crisis, the international community should pay particular attention to the damage of the crisis on developing countries, especially the least developed countries (LDCs), and do all it can to minimize the damage." It is necessary to help developing countries maintain financial stability and economic growth, sustain and increase assistance to developing countries, and maintain economic and financial stability in developing countries, he said. CHINA TO PLAY CONSTRUCTIVE ROLE Responding to natural disasters and the global financial crisis, China has made timely adjustment to its policies and strengthened macroeconomic regulation, Hu said. "Steady and relatively fast growth in China is in itself an important contribution to international financial stability and world economic growth," he noted. "The Chinese government has adopted measures to boost economic development, including lowering the required reserve ratio, cutting the deposit and lending rates, and easing the corporate tax burdens," Hu told the participants. Meanwhile, as a responsible member of the international community, "China has taken an active part in the international cooperation to deal with the financial crisis and played a positive role in maintaining international financial stability and promoting the development of the world economy," he said. "Stability of the international financial markets and sustained development of the global economy are crucial to the well being of all countries and people," Hu noted. "Let us tide over the difficulties through concerted efforts and contribute our share to maintaining international financial stability and promoting global economic growth," he concluded.
nderstanding. China has long been an ASEM advocator. Chinese premiers have attended all ASEM summits since 1996 and proposed to build up a new-type of Asia-Europe partnership.
CHENGDU, Dec. 29 (Xinhua) -- President Hu Jintao visited quake-hit Sichuan Province over the weekend, showing concern for survivors and inspecting reconstruction work as winter set in. It was Hu's second visit after the May 12 earthquake. Hu's last visit was on May 16, when quake relief work was in a critical phase. The 8.0-magnitude quake, centered in Wenchuan County, left more than 69,000 people dead, 374,000 injured, 18,000 missing and millions homeless. Chinese President Hu Jintao visits students and teachers at Guixi Middle School in Beichuan Qiang Autonomous County, southwest China's Sichuan Province, Dec. 27, 2008. President Hu Jintao visited quake-hit Sichuan Province on Dec. 27-29, showing concern for survivors and inspecting reconstruction work. From Saturday to Monday, Hu visited reconstruction sites, factories, villages, resettlement centers, schools and clinics in battered Mianyang, Deyang, Chengdu and Aba, giving residents and those helping with rebuilding work new year's greetings. In villages and resettlement centers, Hu went into homes and even the kitchens and bedrooms of local people to see if they were warm enough and well-fed. "The most important thing is to make sure all people are housed, have clothes and quilts to resist the cold, have enough food for the winter and coming spring, and medical service and epidemic prevention are in place," he said. At Caijiagang Village, Wenchuan, Hu asked villager Ma Xizhi to be aware of safety problems in using electricity and fire and told local officials to respect farmers' will in building new homes with government subsidies. At Guixi Middle School in Beichuan County, the president encouraged the students to study hard to repay society's concern. Chinese President Hu Jintao (L Front) shakes hands with a woman as he visits residents of the Xingfu Community in Dujiangyan City, southwest China's Sichuan Province, Dec. 28, 2008. President Hu Jintao visited quake-hit Sichuan Province on Dec. 27-29, showing concern for survivors and inspecting reconstruction work. He told workers who were rebuilding the school to ensure the quality of the buildings and make them safe and solid. Hu also inspected the progress of industrial and agricultural reconstruction in the quake areas. At Dongfang Steam Turbine Works, a large state-owned enterprise, he asked about losses and the recovery of production, urging the employees to speed up the reconstruction and develop the facility into a world-class electric equipment manufacturer. Many Dongfang employees were killed in the quake. Hu told the officials to pay visits to victims' families during the upcoming festivals and help them solve problems. The central government has introduced policies to support agricultural recovery, Hu said at a herb production base in Huaxi Village, Dujiangyan. He encouraged growers to make good use of these policies and technology to recover losses from the quake. The president also expressed respect to workers at reconstruction sites. In Hanwang Township, he praised workers for their hard work and encouraged them to live up to the expectations of the quake region and get their jobs done with high quality and efficiency. Chinese President Hu Jintao (R Front) shakes hands with a woman as he visits workers and inspects production at Dongfang Steam Turbine Works in Hanwang Township of Mianzhu City, southwest China's Sichuan Province, Dec. 28, 2008. President Hu Jintao visited quake-hit Sichuan Province on Dec. 27-29, showing concern for survivors and inspecting reconstruction work. With the accelerating reconstruction work, demand for construction materials has grown. Hu visited a supply station in Dujiangyan, urging abundant supply and stable prices to serve local needs. En route to Yingxiu Township, Hu encountered dozens of military vehicles transporting reconstruction material to the quake zone, part of the Chengdu Military District's 1,000-vehicle logistics task force. Hu praised the soldiers for their contribution to the quake relief and reconstruction, asking them to overcome difficulties and finish the job. While in Sichuan, Hu also met with provincial officials, encouraging them to fully implement the central government's reconstruction policies. He told them to put people first, respect nature and seek a balance in speed and quality in rebuilding. The great quake relief spirits formed in China's fight against the tremendous disaster are very precious, he said, urging the promotion of such spirits among officials at a time of difficulty as an inspiration.
ALGIERS, Nov. 3 (Xinhua) -- China's top legislator Wu Bangguo arrived in Algiers on Monday afternoon on a three-day official visit to Algeria. During an informal meeting at the airport with Abdelaziz Ziari, Speaker of the Algerian National Assembly, Wu, chairman of the Standing Committee of China's National People's Congress, highlighted the progress of bilateral relations in recent years, saying he felt especially delighted to visit Algeria at the 50th anniversary of the establishment of diplomatic ties. "The purpose of my visit is to further promote the friendship between the two peoples, expand the bilateral cooperation with mutual benefit and strengthen our strategic and cooperative ties to a higher level," Wu told Ziari. Abdelaziz Ziari (R), Speaker of Algeria's National Assembly, greets Wu Bangguo (L), chairman of the Standing Committee of China's National People's Congress, at an airport in Algiers, capital of Algeria, on Nov. 3, 2008. Ziari voiced agreement with Wu's views on the bilateral relations, noting that Algeria has been looking forward to Wu's visit and that he believed the visit would push forward the China-Algeria cooperation. In addition to Ziari, Wu is also expected to meet Algerian President Abdelaziz Bouteflika, Prime Minister Ahmed Ouyahia and the President of Algerian Council of the Nation Abdelkader Bensalah. Algeria is the first leg of Wu's five-nation Africa tour which will also take him to Gabon, Ethiopia, Madagascar and Seychelles
BRUSSELS, Jan. 19 (Xinhua) -- The NATO secretary general on Monday praised the Chinese navy's anti-piracy operations off the coast of Somalia and indicated NATO's willingness to work with China on the issue. "I am applauding what is a rather unique position of the Chinese navy participating in the anti-piracy (campaign)," Secretary General Jaap de Hoop Scheffer told Chinese journalists at a NATO New Year reception. "I do not exclude, at a certain stage, that when the United Nations would create a sort of roof under which these whole anti-piracy operations take place, NATO and China will meet under that roof," he said. A soldier of Chinese navy special force watches a seabird flying over him on destroyer "Wuhan", flagship of the Chinese naval fleet for an escort mission against piracy off Somali coast, in the Gulf of Aden, on Jan. 18, 2009. The Chinese naval fleet including two destroyers and a supply ship set off on Dec. 26, 2008 for waters off Somalia. The deployment of two warships in the Gulf of Aden was the Chinese Navy's first expeditionary military mission. "I welcome the engagement of China... It is a very important contribution to anti-piracy operations," the secretary general said. NATO deployed four warships off Somalia in October to escort World Food Program food shipments to Somalia and to patrol the seas to deter piracy. Its mission ended in December. But the alliance is considering a long-term strategy on the piracy issue and stands ready to consider further requests for the use of its naval assets in this regard.