President Hu Jintao urged the world's major reserve currency nations to maintain the stability of their exchange rates, as the world's leaders vowed at the G20 summit to avoid the competitive devaluation of their currencies.
Not much can be expected from the ongoing G20 summit in South Korea and the meeting tends to be more about politics than economics, panelists concluded Wednesday at an American Enterprise Institute (AEI) event in Washington.
China is concerned about the quantitative easing policy taken by the United States, Chinese President Hu Jintao said.
China hopes for progress of the Seoul G20 summit, which is to convene Thursday night, Chinese President Hu Jintao said.
Chinese President Hu Jintao and the US President Barack Obama met Thursday afternoon in Seoul ahead of the G20 summit.
Deputies from the G20 nations still cannot reach an agreement after a whole day heated discussion on how to draft the joint communiqué, but they will try to come out with certain agreements later.
In the run-up to the G20 Seoul Summit, deputies from the Group of 20 nations have started grappling over some of the key issues to be discussed at the meeting, including currency rates and current account balances. Focus on basics to foster growth
Banners are hanged outside the hotel to welcome the arrival of the Chinese President Hu Jintao, who will exchange views with other G20 leaders on global economic recovery between Nov 11 and 12.