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Hu Jintao: Prudently And Safely Grasp The Timing Of Economic Stimulus Exit

2010/6/29 9:24:00 76

Chinese President Hu Jintao said in a speech at the summit of the group of 20 leaders in Toronto on 27 July that we should prudently and safely grasp the timing, rhythm and intensity of the withdrawal of the economic stimulus policy, and consolidate the momentum of world economic recovery.

He also expressed the need to ensure that the group of 20 plays a central role in promoting international economic cooperation and global economic governance.

In this article entitled "

Work together to create the future

In his keynote speech, Hu Jintao put forward 3 proposals for promoting the world economy to enter into a strong, sustainable and balanced growth as early as possible.

Among them, about promoting the effective development of the group of 20 from the international financial crisis to the main platform for promoting international economic cooperation, Hu Jintao pointed out that at present, the world economic situation is still very complex and requires the group of 20 to play a leading role.

We should focus on the long term to push the group of 20 to shift from CO stimulation to coordinated growth, from short-term emergency to long term governance, from passive response to active planning.

Hu Jintao said that we should strengthen macroeconomic policy coordination among members of the group of 20, maintain reasonable policies and support the countries that have sovereign debt crises to overcome the difficulties they are facing.

Be prudent and secure.

Economic stimulus policy

The timing, pace and intensity of exit will consolidate the momentum of world economic recovery.

We should fully implement the decisions and consensus reached by the previous 3 summits and jointly uphold the credibility and effectiveness of the group of 20, and promote the institutionalization of the group of 20 and properly handle all kinds of contradictions and differences in line with the principle of gradual, mutually beneficial and win-win results, so as to ensure that the mechanism of the group of 20 summit moves forward on a healthy and stable track.

Hu Jintao also pointed out that the relationship between the 20 GG mechanism and other international organizations and multilateral mechanisms should be well handled to ensure the 20 countries.

group

It plays a central role in promoting international economic cooperation and global economic governance.