China hopes countries in the Group of 20 industrial and developing nations will view narrowing the global North-South development gap as the key to resolving global economic imbalances, Foreign Minister Yang Jiechi said Monday.
China hopes the G-20 this year can advance the interests of developing countries, and that members "take addressing the development imbalance between the North and the South as the fundamental solution in addressing international economic imbalances," Yang said at a news briefing during meetings of China's legislature, the National People's Congress.
China also hopes the G-20, which has so far focused on crisis response, will promote reforms of international financial institutions and expand its role to include economic governance, Yang said.
The G-20 comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K. and the U.S.
Source: http://www.nasdaq.com
China hopes the G-20 this year can advance the interests of developing countries, and that members "take addressing the development imbalance between the North and the South as the fundamental solution in addressing international economic imbalances," Yang said at a news briefing during meetings of China's legislature, the National People's Congress.
China also hopes the G-20, which has so far focused on crisis response, will promote reforms of international financial institutions and expand its role to include economic governance, Yang said.
The G-20 comprises Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, the U.K. and the U.S.
Source: http://www.nasdaq.com
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