Chinese President Hu Jintao urged world governments to take appropriate steps to boost their economies as leaders of the G20 rich and emerging powers gather in London for a summit to tackle the global economic crisis, Reuters reported, citing state media. “World countries should adopt economic stimulus steps suited to their conditions, reinforce coordination of their macroeconomic policies and achieve mutual development, employment and (better) livelihoods,” Hu said. He also said China would continue to open its economy despite the negative impact of the global crisis, which had caused its exports and imports to dive, industrial production to slow and unemployment to rise. Hu praised Beijing’s loose monetary policy and active fiscal stance as leading positive signs that China’s economy is starting to turn around.
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