Chinese President Hu Jintao and other leaders of the Group of Twenty (G20) members gathered in London on Thursday for a summit to discuss how to tackle the financial crisis and stimulate an earlier world economic recovery.

Chinese President Hu Jintao (2nd R) talks with British Prime Minister Gorden Brown (R) as they prepare to pose for a family photo during the Group of 20 summit in London, Britain, on April 2, 2009. [Xinhua]

At the meeting, the leaders will exchange views mainly on such subjects as enhancing the coordination of macroeconomic policies, strengthening international financial regulation and stabilizing global financial market, as well as reforming international financial institutions.

President Hu willl deliver a speech at the summit to elaborate China's opinions and proposals on these subjects, according to Chinese Vice Foreign Minister He Yafei.

On Tuesday, President Hu told Xinhua that with the impact of the global financial crisis on the real economy spreading and deepening, priorities should be given by various countries to adopting economic stimulus measures in line with their own situations and working hand in hand to promote growth and employment and improve the people's lives.

Efforts should also be made as soon as possible to stabilize the global financial market and earnestly give play to the role of finance in spurring the real economy to restore confidence of the people and businesses, Hu said.

He called for strengthening coordination among different nations on economic polices and joint efforts against trade and investment protectionism to help the world economy recover.

"The international financial system should undergo necessary reforms in an all-round, balanced, gradual and effective manner to prevent a similar crisis in the future," the president said.

China, as a responsible country, would work with all other parties attending the summit to help it yield "positive" and "practical" results, Hu said.

The Summit, which was held at the ExCel center in east London, brought together leaders of the G20, and representatives of international and regional groups, and financial institutions to work cooperatively to restore stability and stimulate global economic growth.

The London summit is a follow-up to a meeting of last November in Washington. At the Washington summit, leaders of G20 members agreed to enhance their cooperation and work together to restore global growth and achieve needed reforms in the world's financial system in face of the financial crisis.