China tells G20 to tackle tepid growth, fiscal risks
Published on Sun, Jun 06, 2010 at 09:24 | Source : Reuters
Updated at Sun, Jun 06, 2010 at 14:23
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China tells G20 to tackle tepid growth, fiscal risks
Rich nations should take "effective measures" to tackle their tepid growth and fiscal woes, China's Minister of Finance Xie Xuren told a G20 meeting in South Korea, the official Chinese Xinhua news agency reported on Saturday.
Rich nations should take "effective measures" to tackle their tepid growth and fiscal woes, China's Minister of Finance Xie Xuren told a G20 meeting in South Korea, the official Chinese Xinhua news agency reported on Saturday.
Xie urged the developed economies to "maintain basic stability among the major reserve currencies" and urged policy-makers to keep an eye on inflationary and fiscal risks while seeking the restore growth, the report said.
G20 officials have been working to forge a consensus on how best to support global economic growth given risks posed from the Eurozone debt crisis, as well as bolstering financial regulations and making global banks safer and better capitalised.
