Brown said he hoped the summit would boost the confidence of the international community, help resolve the existing problems in the world economy and play a role in reviving the global economy.

He said he was convinced that with the joint efforts of Britain, China and other countries present at the summit, the summit would make substantive progress in stabilizing the international financial market, stimulating world economic growth, reforming international financial institutions, and helping emerging economies and developing countries.

Britain supports replenishing the resources of the International Monetary Fund, expanding capital liquidity and reforming the governance structure of international financial institutions, Brown said.

The two leaders also discussed bilateral relations.

Substantial progress in bilateral ties has been made in recent years thanks to the joint efforts of both sides, Hu said. China attaches great importance to developing relations with Britain, regarding China-Britain ties as one of the most important bilateral relations between large countries, he said.

To advance bilateral ties, Hu said both sides should deal with bilateral relations from a strategic perspective, strengthen communication and coordination on issues concerning the long-term development of the world in the 21st century.

The president said both countries should adhere to the right course of bilateral ties and bring into full play such mechanisms as the China-British economic and financial dialogue, bilateral interaction panel and strategic dialogue.

Hu also urged substantive cooperation in all fields with Britain and increased bilateral trade and investment, setting the goal of a bilateral trade volume of 60 billion U.S. dollars in 2010.

He said both sides should keep the overall bilateral relations in mind, and respect and handle appropriately issues that concern each other's core interests.

Brown said that despite the impacts of the international financial crisis, Britain still expects to make its utmost efforts to meet the bilateral trade target.

He said Britain will continue holding dialogues with China on climate change and other important issues.

The London summit brings together leaders of the G20 countries, as well as representatives of international organizations and financial institutions to work cooperatively to restore financial stability and stimulate global economic growth.

The G20 consists of China, Argentina, Australia, Brazil, Canada, France, Germany, India, Indonesia, Italy, Japan, Mexico, Russia, Saudi Arabia, South Africa, South Korea, Turkey, Britain, the United States, and the European Union.

(Xinhua News Agency April 2, 2009)