Budget Speech

Participating in the Work of International Financial Institutions

45.      Last November, as a member of the Chinese delegation, I had the opportunity to attend the G-20 Leaders Summit on Financial Markets and the World Economy held in Washington D.C. After the meeting, the leaders issued a statement outlining direction for reforming the international financial system and relevant action plans. They are expected to meet again in London this April to review the progress of reform and discuss related economic issues. We will participate in the preparation work for the London Summit. I hope that the Summit can achieve results in restoring market confidence, promoting global economic growth and taking forward the reform of the international financial system.