G-20 Meeting Opens in Beijing

VOA News 15 October 2005

Chinese President Hu Jintao has called on major economies to ensure trade and energy stability in order to promote a balanced world economy.

Mr. Hu spoke Saturday in Beijing, where he opened the start of a two-day meeting of top finance officials from 20 countries.

He urged countries to create a "sound trading environment for economic growth." He also said major powers should make concerted efforts to stabilize the global energy market.

The so-called Group of 20 is made up of larger developing countries and rich nations, including the United States. The meeting is being held at a time of trade tensions between Beijing and Washington.

Some critics accuse China of manipulating its currency to give Chinese exports an unfair price advantage on world markets.

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