Chinese President Hu Jintao arrived in New York on Monday for a UN climate change summit and other UN meetings. He will also attend a financial summit of the Group of 20 (G20) in Pittsburgh scheduled for Sept. 24-25.

The Pittsburgh summit is the third since the ones in Washington last November and in London in April this year.

China expects the summit to achieve positive results in macroeconomic policy coordination, reform of international financial organization, development and measures against protectionism.

The G20 was formally established in 1999 to bring together major industrialized and developing economies to discuss key issues in the global economy.

The G20 consists of China, Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States, and the European Union.

Editor: Huan CAO | Source: TheNewsMarket.com