20 summit in the United States urged countries to continue to stimulate the economy.

<P> United States plans to the Group of 20 summit in Toronto urged other participating States, asking them to tighten fiscal policy to advance their care plans, as global economic recovery remains uncertain, the United States worried about rush to promote these programs go the way of the United States Hu .Buddha (Hoover) government in the last century, 30 years in the past. .</ P> <P> Geithner President Barack Obama (BarackObama) is still worried about the fragile world economy could slip back into recession, as the United States 30 years of last century when President Hoover was the case in power, so .He planned for this weekend's G20 summit to urge the leaders of other participating States, the economic stimulus spending should continue to maintain a certain level, and accompanied by other policies, in order to maintain sustained economic growth. .But at this moment, the world's politicians are starting a new fiscal austerity will. .</ P> <P> European leaders were more cautious about spending, Greece is their negative example, the country appeared a mountain of debt and the possibility of debt default shattered the confidence of investors, prompting the European Union and the International .nearly a trillion dollars out of social commitment of funds to help Greece. .</ P> <P> in China, officials are worried that continued economic stimulus may produce unsustainable asset bubbles. .Economists speculate that the reason for China on Saturday promised to improve the RMB exchange rate flexibility, one of the reasons is to resist by reducing import prices to inflation. .</ P> <P> China announced a relaxation of the RMB against the U.S. dollar trading range program to make the RMB exchange rate that had become the G20 to discuss the hot topics out of the summit's agenda, so as to participants .States in fiscal policy, paving the way for confrontation, while Germany and Japan, weak domestic demand and the huge trade surplus with the Toronto summit will also become a more important issue. .</ P> <P> Canada because it is the host of the summit, so it's weight within the Group of 20 to be enlarged, it will urge States to reduce the fiscal deficit, fiscal deficit in 2013 will be reduced by half. .Canadian Finance Minister Jim Flaherty (JimFlaherty), said at the meeting that he would urge countries to develop specific debt and fiscal deficit reduction targets. .</ P> <P> Japan is also inclined to tighten fiscal, to get rid of the last two decades of economic stagnation, Japan has been saddled with huge debts. .June 8 this year, just became the Japanese Prime Minister Naoto Kan (NaotoKan) hope, within a few years Japan's current 5% sales tax increase twice, and to control the next year's national budget in this year's level. .</ P> <P> Naoto Kan said in his inaugural speech, excessive reliance on debt issuance to cover the deficit by fiscal policy is unsustainable, he also cited the example of Greece to support his point of view. .</ P> <P> Obama, a senior government official said the Group of 20 leading world countries there is a difference only just signs. .The official said the Group of 20 industrialized and developing countries within the much the same style is to act in one hand, they gradually reduce government expenditures, while efforts to allow the market to convince voters that the Government will in the next three to five years of fiscal .the deficit down. .</ P> <P> flow rate of government spending is critical to the global economy, the world economy is currently in a moderate recovery from a deep recession. .In this weekend's G20 summit, the participating countries are expected to discuss: the gradual declining demand and increasing debt, which is on what the greatest threat to global economic growth. .</ P> <P> Harvard economist Rogoff (KennethRogoff) said that the summit will be the number one topic to more fiscal stimulus measures should be quickly withdrawn. .Served as the International Monetary Fund (IMF) chief economist Rogoff said the U.S. economic growth in the most positive, while the rest of the world's approach to stimulate the economy much concern. .</ P>.