Chinese officials and experts anticipate positive outcomes at the G20 summit

The third summit of the Group of 20 is being convened in the American city of Pittsburgh. World leaders are expected to coordinate their positions on global economic recovery, financial regulatory reform and world trade issues.

Members of China's delegation said at a briefing that they hope this summit can achieve some positive and practical outcomes.Zhangcheng has more.

At a briefing on Thursday night in Pittsburgh, China's delegation to the G20 summit laid out its expectations about how the conference will help the global economy recover.

Wu Hailong is a senior official with China's Foreign Ministry.

"First, this summit will further coordinate macro-economic policies of different countries and push forward the recovery of the world economy. Second, we hope the summit will push forward the reformation of the global financial system, providing more rights to emerging economies. Third, we hope the summit will focus more on developing and underdeveloped countries.

Fourth, we hope this summit will push forward the development of international trade."

Zheng Xiaosong, a senior official with China's Ministry of Finance, agreed with Wu, saying much effort is still required to build a stable international financial system despite signs of economic recovery around the world.

"At present, one of the priorities is to reform IMF quotas and representation to rebalance voting rights at the IMF.

Countries should fulfill their commitment at the G20 summit in London, to implement shares reformation by 2011."

China's economy is recovering in line with the World Bank's previous forecast that its GDP growth is expected to reach 8 percent in 2009.

Yu Jianhua, a senior official with China's Ministry of Finance, says countries should avoid protectionism at this crucial moment. He says he hopes the summit sends a much stronger signal to developed countries to oppose protectionism.

Jiang Yuechun, an economics expert at the China Institute of International Studies, says realizing sustainable economic development will also be an important topic at the summit.

"In developed countries' old mindset, to maintain sustainable development, developing countries should take the lead in conserving energy and developing a low-carbon economy. At present, some developing countries such as China have hammered out some effective measures, and their wish to deal with climate change issues is strong. In this way, some agreements are expected to be reached."

Jiang says the G20 members must make concrete proposals at the Pittsburgh meeting to ensure they can make meaningful decisions on global cuts in greenhouse gas emissions at the December climate change summit in Copenhagen.

The Pittsburgh summit opened on Thursday and lasts for two days. It is the third of its kind to be held since the outbreak of the global economic crisis last year.

Zhangcheng, CRI News.