China calls for concerted efforts to tackle global challenges

• Source: Xinhua
• [08:49 July 09 2009]
• Comments

The Chinese state councilor called for more cooperation among the G5 countries to resolve international challenges.

Dai listed four aspects for further cooperation and coordination among the G5.

First, Dai said the G5 should join hands to cope with the international financial crisis.

Secondly, Dai proposed that the G5 countries make join efforts to enhance the regulation of global financial system.

Thirdly, he urged the G5 countries to actively address the challenges of climate change.

Fourthly, he urged the G5 countries to cooperate on addressing non-traditional security threats.

The state councilor also reiterated the importance of the unity of the G5, calling for continuing cooperation on a wide range of global issues.

During the meeting, four other leaders also spoke out, agreeing on joint efforts to address global challenges, according to Chinese diplomats.

Mexican President Felipe Calderon said the emerging economies should unite and strike consensus so as to help developing and less-developed countries better resolve the challenges of climate change and food security.

Brazilian President Luiz Inacio Lula da Silva said the G5 leaders' meeting is an important platform on addressing economic and financial problems and the G5 should make full play of the meeting to push the international community at large to better address the global financial crisis.

He called for tightening monitoring and regulation of international financial system and giving up trade protectionism, so as to drag the world economy out of crisis as soon as possible.

Indian Prime Minister Manmohan Singh told the meeting that the consensus reached at the G20 Summit in London should be implemented.

The global financial crisis is closely relevant with food crisis and energy crisis, said the prime minister, who called for worldwide cooperation to address the challenges that run across the globe.

Jacob Zuma, president of South Africa, said the global financial crisis has brought more severe damage to the less- developed countries, citing Africa as the biggest victim.

Zuma warned that the crisis has crippled the social and economic development of his continent, and it has also put under shadow the United Nations Millennium Development Goals.

The president called for more worldwide measures resolving the crisis, eliminating trade protectionism, finalizing the Doha talks as soon as possible and increasing assistance to the developing and less-developed countries.