2008年11月16日星期日

Summit focus on global financial boost confidence


15, the world's attention the Group of 20 (G20) summit of the global financial in Washington will begin. From all continents of the world's major economies will leaders attended the meeting. This is also in 1999 after the establishment of the G-20 summit at the highest level for the first time (November 15, "Business News"). President George W. Bush advocated by the United States and launched the unprecedented scale of the global financial summit meeting will exchange views on three main issues, including: assessment of the international community to deal with the crisis in the progress made; to discuss the causes of the financial crisis; to explore the international Monitor and regulate the financial sector reform and other issues, and to fight for principles on some issues. We note that previous meeting, the EU countries, emerging market economies are "Brothers scrape of a knife," one after another to express their views, to let in preparation for the dollar on international currency status, the International Monetary Fund to strengthen financial supervision and so on To seek reform. Is the most active French President Sarkozy, on November 13, he said that the U.S. should no longer be regarded as "the only global currency." He will also be published in the financial summit this view. He said: "This is a judgment-related issues, (the international financial situation has changed) in 1945 for the application of the policy may not be applicable to today." Sarkozy said the "application of the 1945" refers to the 1944 Bretton Woods Conference established the international monetary system. To the Bretton Woods system based on gold to the U.S. dollar as the main international reserve currency. Directly linked to the dollar and gold, other currencies are pegged to the dollar. States also suggested that reform of the current system of lender of last resort, the International Monetary Fund to increase the strength, in particular, to increase the emerging economies of developing countries in the International Monetary Fund, as well as in words and the right to equal treatment issue. Of course, participating countries have pledged to strengthen financial supervision to strengthen communication and collaboration. We note that President Hu Jintao will start in the afternoon to 14 in Washington to participate in the global financial summit. In the global financial crisis swept through a critical moment, as the largest developing country, China has been the attitude of the attention of the international community, launched a series of policies and in particular the two years 4,000,000,000,000 yuan investment plans, highly appreciated by the international community, Hu Jintao is bound to The summit has become the most watched one of the leaders. According to media reports, China will be on the summit for the voice of developing countries, stressed that a comprehensive reform of the international financial system. However, I believe that the global financial summit in Washington, focusing on boosting confidence in the world, I hope not to reach substantive initiatives, in particular, can not shake the Bretton Woods system. From the time point of view, imagine that just a one-day meeting to the number of issues and reached consensus on how much it? Is symbolic of the world's major countries Lulitongxin deal with the crisis, a crisis rather than the birthplace of the United States, the European Union, Japan and other emerging market economies, fragmentation, piecemeal, leading to scattered forces, together Xingbu Cheng. He gave the world to issue such a signal: the financial crisis has not spared any country in the world has come together and work together to deal with various countries and investors should have sufficient confidence in the main but not here in the other. From the United States to occupy more than one-third of the amount of world trade, financial derivatives to occupy more than half of the world, GDP accounted for the largest share of the world to see. U.S. reserves of the international means of payment status and were unable to shake. U.S. President George W. Bush hopes to promote reform based on four principles: to strengthen the openness and transparency, more robust rules of the financial markets as well as to improve international co-operation. U.S. silent on the international status. As for the issue of reform of the World Bank and International Monetary Fund, as long as emerging market economies in many countries are willing to share, an increase of discourse and the right to enjoy equal treatment for only a matter of time. World Bank President Robert Zoellick recently announced plans to developing countries, the World Bank to increase the proportion of shares in the four Daosi Cheng, in order to increase the voice of developing countries, the World Bank. Of course, we believe that this meeting does not involve some of the hegemony of the United States and other developed countries will certainly be the subject of consensus, such as: strengthening of financial supervision to strengthen openness and transparency, more robust rules of the financial markets as well as to improve international co-operation . Another point worth noting is that China's strength in this meeting will be very important and attention. No matter what kind of consultation mechanisms, all parties attach great importance to China. They realize that in addition to the rise of China and strength, they see the huge potential of China's domestic demand, China is a huge amount of Chinese foreign exchange reserves. In the final analysis of the financial crisis is a liquidity crisis, a crisis of confidence, namely: lack of money. At present, China's foreign exchange reserves from the banking and savings, not exactly the most money, has become a matter of course aim at the national hegemony. I fully agree with the long-term study of international relations scholars, the People's University of China Institute of International Relations, Professor Jin's point of view, the global financial crisis, countries need to jointly deal with China, as a big developing country, should bear the responsibility of power, but with the Western developed countries Compared to China, after all, limited. Although the West to China to wear a lot of flattery, but rather to deal with the Chinese side is currently calm, measured both strict and responsible. I hope to continue to maintain this status, forceful measures to actively through China's domestic affairs to deal with the crisis, to take up the responsibility of China's major powers.

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