G20 meet China's desire to bring in five areas of Toronto results.

<P> Mechanism of the Group of Twenty first time after the (G20) summit this weekend in the local time in Toronto, Canada re-opened. .</ P> <P> in Europe, the challenges of sovereign debt crises, the full implementation of the "strong, sustainable and balanced growth framework" to enhance the Group of Twenty parties and macroeconomic policy coordination, strengthen the momentum of world economic recovery has become the world's leaders .were the primary topic of concern. .</ P> <P> the Chinese Academy of Social Sciences, Institute of World Economics and Politics Zhang Yuyan, director of the "First Financial Daily" said that in the next period of time can not find a replacement G20 summit occasion, but should seek their own how to .Good to play an active role in the balance. .</ P> <P> Yan Tsinghua University, Institute of International Studies Director General that, for East Asian countries, in order to prevent the financial crisis, global financial reform is better than mutual cooperation neighboring countries, may wish first to Japan and South Korea as the core ., the first in the North-East Asia does not depend on the dollar currency area. .</ P> <P> China hopes that the five aspects of practical results </ P> <P> will meet the G20 summit in Toronto, Canada, the police guard, it is learned, to prevent accidents, currently in the upcoming summit, the city center .nearby, some uprooting trees have been away, and the summit venue outside the iron fence erected, and strive to be the venue and the city apart. .</ P> <P> the addition to attending the summit leaders, members of the Group of Twenty, Asia, Africa, some European leaders of countries and regional organizations and the United Nations, the International Monetary Fund, the World Bank, the Financial Stability Council .World Trade Organization, the ILO and other international organizations, responsible persons will also be invited to attend. .</ P> <P> arrangements, according to the host country, the national leaders on June 26 and 27, has held a working dinner will be the plenary and working luncheon and other activities, to discuss the world economic situation, the European sovereign debt crises, "strong, .framework for sustainable and balanced growth, "the reform of international financial institutions, international trade and financial supervision. .</ P> <P> Vice Foreign Minister Cui June 18 briefing, Foreign Ministry expressed the hope that the summit results in the following five areas: First, full implementation of the "strong, sustainable and balanced growth framework" to enhance .Group of Twenty parties and macroeconomic policy coordination, the strengthening of world economic recovery; the second is to actively promote the International Monetary Fund in Seoul, the summit of the Group of Twenty completed before a new round of share reform, commitment to honor Pittsburgh; third is to continue to promote financial .regulatory reform, particularly to strengthen the supervision of rating agencies; Fourth, continue to oppose all forms of protectionism, the Doha Round negotiations; Fifth, greater attention to development issues, as will be in September at the United Nations Millennium Development Goals High-Level Meeting .provide political support. .</ P> <P> summit of the Group of Twenty however, the open structure of the form, make it practical effect to be challenged. .Yan Xuetong believes that in order to "continue to oppose trade protectionism," one, for example, is so far from the main topic of the first session, indicating that the summit of the Group of Twenty objection "is actually the summit will not stop the Group of Twenty's." .</ P> <P> experts called for construction of A3 and Monetary Union </ P> <P> in the conference, Vice Finance Minister Zhu also recently introduced the Group of Twenty Finance Ministers and Central Bank Governors Meeting for the Toronto Summit .preparations made by the policy. .</ P> <P> Zhu also said China at the meeting stressed that the global economy is strong, sustainable and balanced growth, developed countries should take effective measures to solve their own fatigue growth, unsustainable fiscal and other issues, remain the main .reserve currency is relatively stable, reduce the volatility of international financial markets; developing countries through reform and structural adjustment and promote economic growth. .</ P> <P> But Yan Xuetong, it seems that East Asian countries, in order to prevent the financial crisis, global financial reform is better than mutual cooperation neighbors. .</ P> <P> His recent Institute of International Studies at Tsinghua University in progress "Building A3 Monetary Union," authors of the report work. .The report considers that the existing global financial and monetary institutions can not overcome the negative impact of financial crisis, the emerging G20 summit on the global monetary system is difficult to carry out fundamental reforms, and the "10 +3" framework of construction of the East Asian regional monetary order .is difficult, which makes Japan and South Korea (A3) must rethink the global financial crisis, the area under the solution. .</ P> <P> The report recommended that the core of Japan and South Korea to build A3 Monetary Union, established in Northeast Asia is not dependent on the first dollar currency area, the establishment of the three coordination mechanisms and capital flows, exchange rate control mechanism, and the common .foreign exchange reserves management and international payments imbalances in the management mechanism. .</ P>.