US President Barack Obama believes that China's currency will rise by a large margin and Washington will be "paying attention" to Beijing's further exchange rate reforms in the coming months.
Developed economies should do more to ensure that emerging economies have a greater say in the International Monetary Fund (IMF), with China's increased voting power reflecting the real role of the nation's economy, said Dominique Strauss-Kahn, the IMF's managing director.
Leaders of the G20 nations and organizations arrived in Toronto with divergent agendas. But they ended their two days of discussions with the "spirit of unity" that Chinese President Hu Jintao called for in his address to the G20 summit. Special Coverage
Things are slowly returning to normal in Toronto as fences have been removed since early this morning from downtown streets. The tall fences blocked part of the downtown streets where G20 spent the weekend discussing global economic and financial issues.
At least three police cars were set ablaze by protesters and shop windows smashed in Toronto as demonstrators took to the streets against the G20 summit.
President Hu Jintao on Saturday accepted an invitation from US President Barack Obama for a state visit, as the two world powers are trying to ease disputes over economic and political issues.
China will not bow to pressure from the outside world on revaluing the renminbi and any changes in the nation's foreign exchange will be made on China's own terms, Chinese officials heading to the G20 summit in Toronto said at a press briefing.
President Hu Jintao and Japanese Prime Minister Naoto Kan on Sunday reaffirmed their commitment to advance the strategic and mutually beneficial relationship between the two Asian neighbors.
China said on Saturday that it expects to finalize its consultations on the International Monetary Fund (IMF)'s quota reform with G20 partners before the G20 Seoul summit in November.
President Hu Jintao called for a "spirit of unity" from world leaders to shake off the impact of the financial crisis, as the global economy continues to face "systemic and structural" risks with its recovery still unstable. Summit concludes with fiscal targets
The debts of local Chinese governments are not huge or risky enough to evolve into a crisis like the one sweeping Europe, but the situation does deserve attention, economists at home and abroad have said.
Chinese President Hu Jintao met new Japanese Prime Minister Naoto Kan in Toronto on Sunday, and they discussed bilateral ties.