China's Minister of Finance Jin Renqing said here Thursday he expected the up-coming ministerial meeting of the G-20 can gain substantial fruits.
Finance ministers and central bankers of the Group of 20 countries (G-20) will gather in
Xianghe, a small town of north China's Hebei Province, near
Beijing, for a meeting on world economy from Oct. 15 to 16.
Chinese President Hu Jintao will address the opening ceremony held in
Beijing. The meeting will be co-chaired by Jin Renqing and Zhou Xiaochuan, governor of the People's Bank of China, the country's central bank. This is the seventh one as a ministerial meeting of the G-20.
It is the first time for China to take over the presidency of the G-20 to host the meeting, the spokesman said, noting that the theme of the meeting is to enhance global cooperation and ensure balanced and orderly development of world economy.
With the theme of "Enhancing global cooperation and promoting global economic development in balance and order", members of the Group 20 will discuss such issues as reforms of the International Monetary Fund (IMF) and World Bank (WB), current global economic situation, development assistance and financing, aging population and migration.
The G-20 members will, through talks and dialogues, seek ways to overcome imbalance in development and the limitation of the current international economic system, Jin said.
In addition to a regular joint communique, China plans to call on the other members to pass another two documents, one on the reform of the Bretton Woods institutions, and the other on issues of international development, Jin said.
To gain these fruits, China has selected some major issues in international economic development as topics and held two meetings of deputies in China's southwestern city of
Chongqing in March andthe northeastern coastal city of
Dalian/">
Dalian in September.
As one of the major members of the Group 20, China actively participates in the meeting and plays an important role in promoting the financial system reform and enhancing international cooperation, Jin said.
Founded in 1999, the Group 20 include seven industrialized countries, the European Union, China, Argentina, Brazil, Russia, India, Australia, Mexico, the Republic of Korea, Indonesia, Saudi Arabia, South Africa and Turkey.
These countries account for 90 percent of the world's total gross domestic product, 80 percent of global trade and two thirds of the world's population.
