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Hu Jintao: Coping with the Financial Crisis an Important Task for Diplomacy

Hu Jintao delivered a speech at the 11th Meeting of the Chinese Diplomatic Envoys. He emphasized the tasks of effectively coping with the international financial crisis, and ensuring economic growth, people’s livelihoods and social stability.

Wen Jiabao emphasized in his speech that China must combine expanding domestic needs with stabilizing international needs, and that China must increase its international market share. He stated that the policy of taking full advantage of international capital is still essential. Integrating the use of foreign exchange reserve and internationalization of Chinese companies, integrating the use of foreign investment and Chinese exports, integrating the Chinese currency exchange rate and the market demand/supply model are key tasks ahead.

Source: China News, July 20, 2009.