Global Biz

G20 leaders convene in Seoul as summit kicks off

(Xinhua)
Updated: 2010-11-12 09:47

A general view shows the opening plenary session of the G20 Summit in Seoul November 12, 2010.?[Agencies]

SEOUL -- Chinese President Hu Jintao and other leaders of the Group of 20 (G20) members on Friday gathered?in Seoul?to address the challenges to the ongoing global economic recovery and work out strategies to achieve strong, sustainable and balanced global growth.

Special Coverage:  Hu Attends G20 Summit Related readings:  Hu, Obama set tone for G20  Hu: China hopes for progress of Seoul G20  Cut the protectionism: tycoons urge G20 leaders  President Hu arrives in Seoul for G20 summit

President Hu, who participated in the G20 summits in Washington in 2008, in London and Pittsburgh in 2009, and in Toronto last June, is expected to expound China's stand on the major issues to be discussed at the fifth meeting in the South Korean capital, according to Chinese officials.

At the Seoul summit, the leaders will discuss the world economic situation, the "Framework for Strong, Sustainable, and Balanced global growth," the reform of global financial institutions, the strengthening of financial regulations, a global financial safety net and development issues.