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Special> G20 Summit 2012> Latest News
UPDATED: June 20, 2012
Chinese President Ends Los Cabos Trip

Chinese President Hu Jintao left the Mexican resort of Los Cabos for home Tuesday after attending the seventh summit of the Group of Twenty (G20).

The Los Cabos summit was held at a time when the global economy is facing great risks to growth and stability. The eurozone debt crisis, slowdowns in major developed nations and even in emerging economies, and high unemployment in parts of the world are all threatening the fragile recovery.

At the two-day meeting, Hu and other G20 leaders exchanged views on the global economic situation, the strengthening of the financial system, development, trade and employment.

Hu, who had attended all the previous G20 summits, expounded on China's stand on these issues and made proposals for achieving strong, sustainable and balanced economic growth.

In his speech, Hu said that at present, securing growth, increasing jobs and promoting stability should still be the top priority of the G20 members.

"The world economy has come to a critical juncture and the improvement of global economic governance is an arduous task. We should build on the achievements we have made and strive for new progress," said Hu.

He said the G20 members should be firmly committed to promoting steady recovery of the world economy, to deepening the reform of the international system, to promoting the healthy growth of internatinal trade, to promoting development, and to advocating sustainable development.

"We must value the role and influence of the G20, keep in mind the general trend of the world economy, strengthen solidarity, coordination and cooperation, and work together to overcome whatever risks and challenges that may come our way and advance the development and prosperity of the whole world," he said.

On his way home, Hu will make a stopover in Spain's Tenerife.

Before the G20 Summit, Hu paid a state visit to Denmark, the first by a Chinese head of state since the two countries established diplomatic relations 62 years ago.

(Xinhua News Agency June 20, 2012)

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