The forthcoming G20 meeting in London aims to make a mark in putting the global economy on the road to recovery. G20 countries represent 85 percent of the world's GDP. Their leaders will make decisions that matter to all countries on how they will engage in globally coordinated action to end the meltdown. On the agenda for the April second gathering are discussions on trade protectionism and reforming the global financial system.
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Lin Yifu, World Bank Senior VP |
Lin Yifu, World Bank Senior VP said "Everybody wants the world economy back on track. The world economy is in recession, so discussion of protectionism will definitely achieve some results. World financial system reform is also one of the focuses. Strengthening market supervision will definitely be discussed. It needs global support from every nation. The financial crisis is caused by the developed world, but it affects developing nations greatly. China will represent developing nations, and offer suggestions for discussion. This is the role China will play at the G20 summit."
(CCTV March 31, 2009)
