G20 To Focus On 'Global Growth'

CHINESE Vice Finance Minister Zhu Guangyao said yesterday that the G20 summit will not discuss whether its members will capitalize the eurozone bailout package known as the European Financial Stability Facility.

He said the leaders will not discuss buying European bonds at the summit either. "This is not on the agenda of the summit," Zhu told a press briefing about Chinese President Hu Jintao's attendance of the G20 summit in Cannes, France, next week.

The Cannes summit will instead focus on the core subjects of promoting global growth and maintaining stability in the global market, Zhu said. It will discuss such topics as reforms of the global currency system, financial supervision, controlling price fluctuation of bulk commodities and development issues.


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