Ambassador: G20 summit very important

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Source: CCTV.com | 04-02-2009 13:46

China's ambassador to Britain says the G20 summit is an important opportunity for China to enhance international cooperation.

China's ambassador to Britain says the G20 summit is an  important opportunity for China to enhance international  cooperation.

During an interview with the British Broadcasting Corporation, Fu Ying said while the London summit is crucial for all participants, it presents an important opportunity for China to communicate with other countries.

Chinese Ambassador to the UK Fu Ying said, "...all leaders will have the objective to bring the summit a success..."

When asked about the China's massive foreign currency reserve, the ambassador said the issue was mis-understood. She said the reserve was not part of the central budget, but was the foreign currency income for all Chinese people and enterprises. It is a deposit in the central bank. Based on China's huge population, the per capita amount for the reserve becomes very small, and China is still a developing country.

On the reform and capital injection for the International Monetary Fund, Fu said China had fulfilled its obligation to its current share of the fund. She said it's the right time to reform the IMF. She added that China would bear more responsibility if the country gains a larger share in the organization, and that China supports the IMF's scheme to issue bonds.