K J M Varma
Beijing, Oct 21 (PTI) China today said it hopes that the the summit of Group of 20 (G-20) nations in Seoul next month would help promote global economic growth in a robust, sustainable and balanced manner.
"The Seoul G-20 summit, the first of its kind to be held in an Asian country and an emerging market, is important for the development of the G-20," said Chinese Foreign Ministry spokesman Ma Zhaoxu at a news briefing.
Ahead of next month's summit, finance ministers of G-20 grouping are meeting in South Korea over the next few days, against the backdrop of US concerns over China's keeping its currency 'artificially undervalued' to push exports.
While the US wants China to appreciate its currency yuan in line with market forces, the Chinese government is resisting the move as it would hurt the country's exports.
Beijing, Oct 21 (PTI) China today said it hopes that the the summit of Group of 20 (G-20) nations in Seoul next month would help promote global economic growth in a robust, sustainable and balanced manner.
"The Seoul G-20 summit, the first of its kind to be held in an Asian country and an emerging market, is important for the development of the G-20," said Chinese Foreign Ministry spokesman Ma Zhaoxu at a news briefing.
Ahead of next month's summit, finance ministers of G-20 grouping are meeting in South Korea over the next few days, against the backdrop of US concerns over China's keeping its currency 'artificially undervalued' to push exports.
While the US wants China to appreciate its currency yuan in line with market forces, the Chinese government is resisting the move as it would hurt the country's exports.
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