Leaders of the United States, Britain, France and Canada on Sunday voiced almost unanimous support to the targets set by the Group of 20 (G20) on advanced economies' debt size, and said they had plans to meet these targets.
The Group of 20 (G20) summit, which concluded here on Sunday, said the recent accident of BP oil spill shows the need of better marine environment protection.
China's foreign exchange reform and appreciation of its currency will not lead to big sharp in its exports, neither will this result in shrinkage of trade protectionist measures against China by the worldwide, said officials from the Ministry of Commerce.
China will not bow to the pressure from worldwide on Renminbi issue, and the nation's foreign exchange reform will be made only based on China's own need for transformation of economic restructure.
Reforms in the International Monetary Fund (IMF) must go beyond readjustment of the quota shares to include adjusting the representation status and allowing economists of different backgrounds to join as senior staff.
While developed countries are struggling to keep their economies growing this year, the main emerging economies have had the exact opposite problem: the risk of over-heating and asset bubbles.
China said Tuesday the fourth Group of 20 (G20) summit should focus on the recovery of world economy, not the RMB (yuan) exchange rate.
Discussions about the yuan-dollar exchange rate will not be on the agenda at the Group of 20 meeting in Canada next week, Chinese officials said on Friday. US 'wrong' to blame China
The World Bank on Wednesday said a double-dip recession could not be ruled out in some countries if investors lose faith in efforts in Europe and elsewhere to tackle rising debt levels.
Risks to the global economic outlook have "risen significantly" and policymakers have limited room to provide support to growth, International Monetary Fund Deputy Managing Director Naoyuki Shinohara said.
The global economy looks likely to avoid a relapse into recession, although the next six months may be anemic, with three main causes for concern.
The global economy is recovering faster than expected, but the financial repair is 'critical' to global economic recovery, the Group of 20 industrialized nations said in a communique.