G20 gets positive reactions

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

People in major Chinese cities are reacting positively to the G-20 economic summit in London. The final G20 statement included a pledge to reform the IMF and other institutions to better match global economic and political realities. And China pledged a contribution of 40 billion US dollars in extra funding. Here are some of the thoughts of ordinary Chinese and analysts about the G-20.

Stephen Green, Head of Research of China standard Chartered  Bank, said, "For China's stock market, particularly the  export sector, there should be a quite significant boost  here. Because this communique is putting into place some  quite significant measures, it seems like, to boost global  demand and particularly, trade financing."

Dong Ximin, a beijing resident, said, "The Chinese economic strength is considerable. Right now it looks like America is hurting though, not doing very well. Now we see at the G-20 Economic Summit the world is looking to China to fix the world. China has a lot of potential to develop the economy. Moreover, the government is trying to stimulate the domestic market. Chinese people are still pretty enthusiastic consumers."

Stephen Green, Head of Research of China standard Chartered Bank, said, "For China's stock market, particularly the export sector, there should be a quite significant boost here. Because this communique is putting into place some quite significant measures, it seems like, to boost global demand and particularly, trade financing."

Editor:Liu Anqi