Chinese president promises continued active involvement in tackling crisis

Source: Xinhua | 04-03-2009 09:05

LONDON, April 2 (Xinhua) -- Chinese President Hu Jintao promised on Thursday that China will continue to contribute its share to world economic recovery.

"China will continue to work with the rest of the international community to enhance macroeconomic policy coordination, advance the reform of the international financial system, maintain the stability of the multilateral trading system and contribute its share to world economic recovery," Hu said at the second Group of 20 (G20) summit in London.

"As a responsible member of the international community, China has been actively involved in the international endeavor to fight the financial crisis," the Chinese president said.

In spite of great difficulties, China has kept its currency's exchange rate basically stable.

China has taken an active part in the Global Trade Finance Program of the International Finance Corporation and decided to provide 1.5 billion U.S. dollars as the first portion of its financial support to the Program, Hu noted.

"We support regional development banks in providing financing services, and we will continue to coordinate with international financial institutions and relevant countries to further strengthen multilateral, regional and bilateral cooperation in trade finance," he added.