If the Group of Twenty (G20) of the bulletin is to cover all countries in the fiscal and monetary policy has long been fully exposed the differences, it was successful play this role.
Twenty leaders said yesterday before the summit ended, G20 will develop indicators to measure economic imbalances, but how to define the balance of the controversial issues to be postponed until next year.
At least, the United States have been effectively attempt to curb, G20 member states refused to join them to put pressure on the renminbi.
China to become a participating party even behind, foreign media that the end of the summit opened economic superpower United States, the fate of a new chapter in the decline, while President Hu Jintao s speech, but also to the presence of world media has left a deep impression.
Consequently there is no specific program ended sadly
This is not a celebration of the feast, participating in the Group of Twenty (G20) summit in Seoul, an official said. The leaders in particular, on how to define the economic imbalances can not be a controversial issue in this agreement, but only the first half of 2011 commitment to discuss a series of indicators.
South Korean President Lee Myung bak said, world leaders agreed at the next G20 summit in France well before the current account guidelines developed to address global economic imbalances.
As the summit on the currency issue did not come up with specific, with effectiveness of the solution than say that they jump, more people think that only half a step and went forward.
Diffuse global economic recovery in the market confidence in monetary order, the sense of urgency and did not appear in the Korean summit communique. They just decided to write a lot of the end of the meeting pretty good aim, and hope to do better, and the future of the meeting would achieve more.
Up to the summit to listen to each other, countries are now very different situation, unable to take common action. The London summit in 2009 and the summit is different then, all countries are equally threatened by the financial crisis, work together to make the world economy back on track.
Weakened the United States no longer affect the decline of aura
Obama on the export of powerful criticism of China and Germany met with a broad front of the counter attack, the U.S. media in general for such a failure and was disappointed. Look on the German media that the summit opened economic superpower decline this new chapter of destiny.
U.S. Forbes magazine wording of the extreme, not only for the G20 refused to support the United States the result of pressure on the RMB, said resentfully, and even said that the conflict between China and the U.S. will threaten world economic growth.
World s 20 most important industrial countries and emerging countries are not on the end of the currency competitive devaluation of the appeal, the summit declaration in the preparatory meeting is not reached on the relevant statements. Content that the Universal Declaration of the Group of Twenty refused to support the United States to pressure China on the RMB exchange rate, indicating that the U.S. influence on the world stage declined, especially in economic affairs.
China s exchange rate back in the United States, can be described as eye catching, while Obama still had to stand in an awkward position for the central bank from government control of the defense.
China voices support for high profile criticism of the U.S. people
The world economy is slowly recovering, but still insufficient aggregate demand, the lack of new economic growth point. Differences in national economic policy objectives, macroeconomic policy coordination more difficult, the world economic recovery, vulnerability and imbalance further demonstrated. Hu proposed that China will take various measures to stimulate domestic demand and ensure that private consumption continued to rise, contributing to global economic growth. The newspaper also commented that, although not named, but Hu subtly criticized the United States. The article quoted Hu as saying, the major reserve currency economies should implement responsible policies, keeping the exchange rate relatively stable.
Chinese officials have in the U.S. Federal Reserve Board before the G20 summit in Seoul, the new loose monetary policy dissatisfaction.
Germany or China s surplus does not mean that the adverse world, have to be corrected, China s peg is unhealthy , China s economy as strong currency should not be linked with a failed state.
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