Hu Jintao suggests a steady push for diversification of the International monetary system

⊙ comprehensive Xinhua News agency reported that President Hu Jintao delivered an important speech at a meeting of the BRICS leaders held in Jekaterinburg, Russia, 16th. Hu pointed out that under the current situation, the four countries face both new development opportunities and unprecedented challenges.　　We should grasp the historical opportunity, strengthen the unity and cooperation, and jointly safeguard the overall interests of the developing countries. As for the further cooperation of the four countries, Hu Jintao made the following suggestions: first, strengthen political mutual trust. Second, deepen economic cooperation. Third, promote people-to-people exchanges.　　Four, to promote experience and mutual learning. Hu Jintao said that at present, the world economy is experiencing a rare and severe challenge. To actively respond to the international financial crisis and to promote the recovery of world economic growth is a major issue in front of our four countries and countries around the world. The four countries have participated actively in the summit of the leaders of the group of 20 countries and made important contributions to the success of the summit.　　Next, we should strengthen coordination and promote the full and effective implementation of the summit results.　　To this end, Hu Jintao's proposal focuses on the following efforts: to promote the world economy to recover as soon as possible. --committed to promoting the reform of the international financial system. The establishment of a fair, just, inclusive and orderly international financial order, from the institutional mechanism for the sustainable development of the world economy to provide protection, in line with the historical trend of development, in line with the fundamental interests of all parties. We will jointly promote the development of the International Monetary Fund and the World Bank reform programme to effectively enhance the representation and voice of developing countries in order to objectively reflect changes in the world economy, promote the improvement of international financial regulatory mechanisms, ensure effective participation of developing countries in international financial regulatory institutions such as the Financial Stability Council, and promote the improvement　　We should improve the regulation and control mechanism of reserve currency issuance, steadily promote the diversification of the international monetary system and maintain the relative stability of the main reserve currency.　　• Commitment to the implementation of the United Nations Millennium Development Goals.　　--To ensure food security, energy resources security, public health and safety. Hu Jintao said that the international financial crisis has brought great difficulties and serious challenges to China. To cope with the impact of the international financial crisis and maintain steady and rapid economic development, China has resolutely implemented a proactive fiscal policy and moderately loose monetary policy, forming a package of further expanding domestic demand and promoting steady and rapid economic development. Now, these measures have yielded initial results, showing positive signs.