China: Hu Urges Fair, Orderly World Financial System

Hu Jintao General Secretary of the Chinese Communist Party

Chinese President Hu Jintao said in Los Cabos 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.

All countries should make concerted efforts to bring about more achievements in international financial system reform and make the system provide better services and boost the real economy's growth, Hu said in a speech at the Group of 20 (G20) summit.

Hu also said that all countries should work together to push reform of international financial governance and increase the representation and powers of emerging economies and developing countries; to improve the international reserve currency system so as to establish a system that embraces stable currencies, orderly supplies and an adjustable aggregate amount.

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