Hu urges G20 to safeguard fragile recovery_美文

Hu urges G20 to safeguard fragile recovery

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President Hu Jintao urged members of the G20 to sustain and strengthen the "hard-won" momentum of economic recovery, which is fragile and faces challenges.

Hu made the remark in a written interview with Reforma, a major Mexican newspaper, prior to the G20 summit due to be held in the Mexican resort city of Los Cabos from Monday to Tuesday.

He arrived on Saturday for the summit, which will focus on global growth and stability.

The eurozone debt crisis, the sluggish performance of many economies and high unemployment rates in some countries threaten a weak recovery, experts said.

The world economy is on the path to recovery and prospects for economic growth are improving, to some extent, Hu said. But the recovery is still not stable, and faces acute challenges, he said.

"Total global demand remains weak. Growth in major economies is sluggish... It is becoming more difficult for countries to coordinate their macroeconomic policies," he said.

At the seventh G20 summit, Hu, who participated in the previous six meetings, is expected to expand on China's stance regarding key issues. He will also meet other leaders to discuss the global economic situation, development, trade and employment.

The G20, consisting of both developed and emerging economies, has played an important role in addressing the international financial crisis and promoting world economic stability and recovery, and has become the premier platform of global economic governance, Hu said.