G20: "differences", find "reconciliation".

The two-day Fourth <P> the Group of 20 (G20) summit concluded yesterday. .Heads of the world's major economies through bilateral talks during the conference and collective bargaining has been to prepare a draft statement concerning the promotion of world economic recovery, reducing the fiscal deficit and the national tax collection banks. .View all the content from the stand, G20 members are determined to adhere to its position at the same time, positive, good faith into the discussion of issues during the summit in order to achieve the global economy, financial and economic policy decisions related to the results together. .</ P> <P> U.S.: work more closely </ P> <P> local time on June 26, President Hu Jintao met with U.S. President Barack Obama in Toronto, the two leaders on Sino-US relations and mutual interest .major international and regional issues of exchange of views and reached new and important consensus. .Obama formally invited President Hu Jintao's state visit to the United States, President Hu Jintao happily accepted, the specific date the two sides are coordinated. .</ P> <P> have to say, "Hu Olympic Committee" has become a highlight of the G20 summit. .Foreign media that China and the U.S. there has been friction over trade issues, since the second round of Sino-US economic dialogue last month, the bilateral relations have greatly improved. .</ P> <P> the meeting, Hu Jintao also pointed out that Sino-US joint efforts, bilateral relations have made new progress. .He also emphasized that China is willing to work with the U.S. to maintain high-level exchanges and all levels, deepen pragmatic cooperation in various fields, strengthen major international and regional issues of communication and coordination, and promote a positive, cooperative Sino-US relations continue to move forward full track .development. .</ P> <P> Obama said: "The two sides in the past 18 months made a lot of efforts to establish mutual trust and mutually beneficial cooperation mechanisms has made great progress, which is paving the way to do a lot of problems to solve." .</ P> <P> Obama said, Sino-US cooperation has great potential. .China-US strategic economic dialogue will not only help improve bilateral relations, but also help to explore their own sustainable development, in the hope the two sides to implement the strategic economic dialogue with the decision made in promoting global economic balance and sustainable development, climate .change and other issues and strengthen cooperation. .</ P> <P> exit: the case may be </ P> <P> eve of the summit, U.S. and European economic growth in the short term and long-term financial stability there are serious differences on choice, Obama now faces domestic political and economic double .Pressure: 10% unemployment rate remains high, mid-term elections will be held at the end of the grim situation. .So the United States wanted the government to continue to stimulate the economy and called on its trading partners to do likewise. .The German-led Europe, want to choose the opposite path: clenched purse, raise taxes and reduce spending. .</ P> <P> However, during the summit, the two sides of the conflict seems to have eased. .Merkel met with Obama stated that the issue of economic growth between the U.S. and Europe have no real disagreements on Europe only trying to stabilize in the course of economic development finance. .</ P> <P> for those who have "opt out" of the emerging economies such as Brazil, India and other countries, the excessive deficit reduction will continue to affect the economic recovery. .The Chinese side's position is that countries in the economic stimulus plan on the withdrawal issue of economic development should be based on their actual circumstances. .</ P> <P> this, the Shanghai Academy of Social Sciences, Institute of World Economy Xu, deputy director of chess in an "International Finance News" interview, said: "In the issue of global economic recovery, G20 most likely to agree .rhetoric is different. United States and Europe face their own difficulties, differences do exist, but in such an economic forum, it was to seek consensus, will choose to ease the mood to express a desire for cooperation. and the first three G20 summit agreed to take to stimulate the economy .policy stance would be different, we may use general vague words explain his own economic policy. "</ P> <P> to reduce the deficit, according to the advance publication of the draft summit showed, G20 member states agreed to .2013 national government deficit by half, reduced debt levels by 2016 and 1% of the total economy, countries can develop their own "steps" to reduce debt levels. .</ P> <P> Bank of taxes: not a single </ P> <P> Britain, France, Germany and other European countries at this summit, pushing bank tax, causing the United States and other countries against it. .Ministry of Finance officials on June 26 in Toronto, said China is opposed in the bank across the board on the taxation approach. .International Secretary, Ministry of Finance, said Zheng Xiaosong, improve regulatory standards, establish and improve the regulatory system is the prevention of financial crisis, the most effective way, the tax should be combined with their actual situation of States to make a decision, rather than the implementation of uniform standards around the world .. .</ P> <P> Xu chess that the banks levy tax issues are also significant differences between United States and Europe, both collected at different time points. .The focus of the United States during the financial crisis to the taxpayer's money by the Bank of recovery of tax, but this tax can not continue. .Europe, mainly from the sake of future financial stability, banks want tax levy permanently, laying the foundation for the future to reduce systemic risk. .</ P> <P> barriers: three years without </ P> <P> In addition, the financial crisis and the baptism of the debt crisis in Europe, the global trading environment has become more complex, trade protectionism is a serious threat to global .economic balance of the culprit. .G20 in the final draft statement said heads of state will continue to promote free trade, agreed to accelerate the process of the Doha negotiations, investment and trade barriers will not set commitments for another 3 years to 2013, during the financial crisis in order to eliminate the implementation of protectionist measures .and allow trade ministers to develop concrete implementation roadmap. .</ P> <P> However, the Shanghai Academy of Social Sciences Liu Ming, deputy director of Institute of Asia that the judge in specific countries to implement trade policy and trade measures of a protectionist nature, world opinion will certainly not consistent. .But can not deny that this statement on the Doha talks delayed for many years is conducive to the development. .</ P>.