High ranking Chinese officials have said at the G20 talks that China's sustainable development has contributed to the global recovery and growth. Finance Minister Xie Xuren says China will keep implementing pro-active fiscal policy and prudent monetary policy this year.
The Chinese government will strive to improve the quality and efficiency of its economic growth, expand domestic demand and strengthen efforts to reshape the economic structure.
Zhou Xiaochuan, the Governor of the People’s Bank of China, says China’s economic restructuring and the policy of increasing domestic demand has yielded positive results and contributed to the global rebalancing. He calls for G20 members to study the root causes of different deposit levels among various countries and seek efficient ways of converting savings into investments.
Zhou Xiaochuan also calls on the International Monetary Fund to strengthen supervision on the spillover effect of certain country’s fiscal and monetary policies.
