China urges more efforts on global recovery

(Xinhua)
Updated: 2009-07-09 20:43

L'AQUILA, Italy: Chinese State Councilor Dai Bingguo on Thursday called for more international efforts to push for recovery of the world economy.

Dai made the appeal when he, on behalf of Chinese President Hu Jintao, delivered a speech to the leaders' meeting of the Group of Eight (G8) and five leading emerging economies (G5) in the quake-torn Italian city of L'Aquila, according to a press release issued by the Chinese delegation.

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Against the backdrop of economic globalisation, the macro-economic policies adopted by one country, especially by a major economy, would exert an impact on other economies, Dai said in the speech entitled "Striving to push forward global economic recovery and enhance regulation of the world economy."

"So when we promulgate a policy aimed at economic recovery, we should not only put into consideration our own interests, but also have to cast eyes on the interests of other countries," Dai said.

The international community should strengthen communication in this regard, he said.

The state councilor said the "primary task" now was to implement the results achieved at the G20 summits in Washington and London, so as to ensure the momentum and effectiveness of economic stimulus packages.

He also urged the international community to abide by the principle of opening markets, opposing protectionism in various forms and safeguarding the normal and orderly movement of goods, services and personnel across borders.

Dai also appealed for an accelerated process of the Doha Round talks of the World Trade Organization, according to the press release.

Leaders of the G8 industrialized countries and five leading emerging economies -- India, China, Mexico, Brazil and South Africa -- met on Thursday to discuss economic issues, climate change, trade and other international affairs.