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Chinese President Hu Jintao Meets with British Prime Minister Brown

On November 15, 2008, Chinese President Hu Jintao met with British Prime Minister Gordon Brown in Washington.

Hu pointed out that the international financial crisis is spreading and worse still, is infiltrating from the virtual economy into the real economy. In face of the situation, the international community should increase confidence and keep closer cooperation to jointly cope with the crisis. Hu said efforts should be focused on the following three aspects. First, effective measures should be adopted to prevent the further spreading of the crisis and help the market to regain confidence. Second, efforts should be made to minimize the adverse impact upon the real economy so as to avoid a global recession. Third, push ahead with the reform of international financial systems so as to avoid the recurrence of similar crises. China hopes that all countries in the world would make concerted efforts to achieve the goals set forth at the summit and contribute to the global economic growth, he said.

Brown said the summit has shown to the world that countries worldwide have been addressing the crisis through closer collaboration and cooperation. He said there was lack of confidence, consumption remained weak and credit was still being tightened. He called for further measures to stimulate economic growth. Before the summit, China has announced a sweeping plan to expand domestic demand. Britain expressed appreciation for China's efforts to promote economic growth, Brown told Hu. He also said the two countries share common interest in coping with the financial crisis. He suggested both sides should strengthen cooperation and work with the rest of the international community to curb the further deterioration of the world economic and financial situations.

The two leaders also exchanged views on bilateral ties. Thanks to efforts of both sides, mutual trust and consensus are growing and areas of cooperation are expanding, Hu said, adding that the Chinese side hopes the two nations would seize the sound momentum and push for the healthy and steady development of the Sino-British comprehensive and strategic partnership.

Brown agreed with Hu's comments on bilateral ties, expressing hope that both sides would work together to further advance bilateral ties.

Wang Qishan, Wang Huning and Dai Bingguo attended the meeting.

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