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--Chinese President Hu Jintao urged G20 to resolve the euro-zone debt crisis with joint efforts --Mr. Hu says G20 members should work together to send a signal of confidence to the market --He says global economy is on the path of recovery and prospects are improving BEIJING--Chinese President Hu Jintao has urged the members of the Group of 20 (G20) to address the European sovereign debt issue with concerted efforts, the official Xinhua News Agency reported Sunday. The European debt crisis is "an issue of general concern...G20 should address it in a constructive and cooperative way, encourage and support efforts made by Europe to resolve it and send a signal of confidence to the market," Xinhua cited Mr. Hu as saying from a written interview with Reforma, a Mexican newspaper. Mr. Hu made the remarks prior to the G20 summit to be held in Los Cabos, Mexico that starts Monday and ahead of a historic general election in Greece where the outcome may decide whether the debt-ladden country will stay within or exit the euro zone. Hu also urged all G20 members to continue to advance the reform of the international financial system, meet the target of IMF quota and governance reform as soon as possible, and improve the international monetary system and enhance international financial regulation, Xinhua said. He said the global economy is on the path of recovery and prospects are improving, but it is facing increasing uncertainties. The overall global demand remains weak, and growth in major economies is sluggish, he said. To sustain the momentum of economic recovery, "all countries need to enhance macro-economic policy coordination, and pursue win-win cooperation through concerted efforts," he added. Regarding the Chinese economy, Mr. Hu said China has maintained stable growth despite a complex and severe external economic environment. China will continue with a proactive fiscal policy and prudent monetary policy, he said in the report. High on the agenda of the upcoming G20 summit are discussions about the euro-zone debt crisis. Shen Hong contributed to this story -Write to Liyan Qi at liyan.qi@dowjones.com We are high quality suppliers, our products such as Hydraulic Piston Pump Manufacturer , China Hydraulic Pump Spare Parts for oversee buyer. To know more, please visits Hydraulic Piston Pump.
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