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China's Hu urges bigger voice for emerging nations

Reuters 11/15/2011 00:31
China's Hu urges bigger voice for emerging nations - China - Hu Jintao


President Hu Jintao sought to soothe the nerves of foreign businesses over market conditions in China on Saturday and vowed to boost his country's global role amid growing uncertainty and trade protectionism.



"The new mechanism for global economic governance should reflect the changes in the world economic landscape," Hu told executives at the Asia-Pacific Economic Cooperation (APEC) summit in Honolulu.

"It should observe the principle of mutual respect and collective decision-making and increase the representation and voice of emerging markets and developing countries," he said, urging a more "balanced partnership" for development and governance.

Hu and U.S. President Barack Obama, who spoke at the same forum shortly after the Chinese leader, have not seen eye to eye on how to address pan-Pacific trade among the 21 APEC members during the annual summit.


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