PRESIDENT HU PUTS FORWARD PROPOSALS ON FINANCIAL CRISIS, MAJOR ISSUES IN INT'L ECONOMIC, SOCIAL DEVELOPMENT
Xinhua, November 23, 2008
Chinese President Hu Jintao put forward proposals for dealing with major issues in international economic and social development and tackling the ongoing global financial crisis at the 16th APEC economic leaders' meeting here on Saturday.
Hu presented five proposals for addressing the prominent issues in international economic and social development.
First, APEC member economies should build consensus and promote sound development of the multilateral trading regime, Hu said. (...)
Second, APEC member economies should take up responsibilities and jointly tackle climate change, he stressed. (...)
Third, exchanges and cooperation should be conducted and efforts joined to combat natural disasters, Hu said. (...)
Fourth, regulation and guidance should be enhanced and corporate social responsibility strengthened, he said. (...)
Fifth, APEC members should take coordinated actions and ensure world food and energy security, Hu emphasized. (...)
TACKLING FINANCIAL CRISIS
"The rapidly-spreading international financial crisis, with its extensive impact, constitutes the most severe challenge confronting world economic growth," Hu said.
It is a major and urgent task for all countries and regions to deal effectively with financial risks, maintain international financial stability and promote world economic development, he added, lodging three proposals.
First, to curb the worsening financial crisis, all countries should take prompt and effective measures, enhance macroeconomic policy coordination, improve information sharing, help each other as much as possible, and employ all necessary fiscal and monetary means to stop the spread and development of the financial crisis, bring stability to global financial markets, stimulate economic growth, minimize the damage of the financial crisis on the real economy and avoid a global economic recession.
Second, the international community should earnestly draw lessons from the ongoing financial crisis and, based on full consultations among all stakeholders, undertake necessary reform of the international financial system in a comprehensive, balanced, incremental and result-oriented way, with a view to establishing anew international financial order that is fair, just, inclusive and orderly and fostering an institutional environment conducive to sound global economic development. (...)
Third, from a long-term perspective, it is necessary to change those models of economic growth that are not sustainable and to address the underlying problems in member economies.
(...) [artículo aquí]
Xinhua, November 23, 2008
Chinese President Hu Jintao put forward proposals for dealing with major issues in international economic and social development and tackling the ongoing global financial crisis at the 16th APEC economic leaders' meeting here on Saturday.
Hu presented five proposals for addressing the prominent issues in international economic and social development.
First, APEC member economies should build consensus and promote sound development of the multilateral trading regime, Hu said. (...)
Second, APEC member economies should take up responsibilities and jointly tackle climate change, he stressed. (...)
Third, exchanges and cooperation should be conducted and efforts joined to combat natural disasters, Hu said. (...)
Fourth, regulation and guidance should be enhanced and corporate social responsibility strengthened, he said. (...)
Fifth, APEC members should take coordinated actions and ensure world food and energy security, Hu emphasized. (...)
TACKLING FINANCIAL CRISIS
"The rapidly-spreading international financial crisis, with its extensive impact, constitutes the most severe challenge confronting world economic growth," Hu said.
It is a major and urgent task for all countries and regions to deal effectively with financial risks, maintain international financial stability and promote world economic development, he added, lodging three proposals.
First, to curb the worsening financial crisis, all countries should take prompt and effective measures, enhance macroeconomic policy coordination, improve information sharing, help each other as much as possible, and employ all necessary fiscal and monetary means to stop the spread and development of the financial crisis, bring stability to global financial markets, stimulate economic growth, minimize the damage of the financial crisis on the real economy and avoid a global economic recession.
Second, the international community should earnestly draw lessons from the ongoing financial crisis and, based on full consultations among all stakeholders, undertake necessary reform of the international financial system in a comprehensive, balanced, incremental and result-oriented way, with a view to establishing anew international financial order that is fair, just, inclusive and orderly and fostering an institutional environment conducive to sound global economic development. (...)
Third, from a long-term perspective, it is necessary to change those models of economic growth that are not sustainable and to address the underlying problems in member economies.
(...) [artículo aquí]
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