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Hu Asks Leaders to Work Jointly for Global Recovery

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Poor nations

Hu urged the rich countries to fulfill the pledges they made to poor nations, including technology transfer and funds to fight global warming.

Only by doing so can the world avoid a "green gulf" that has begun emerging between the rich and poor nations, he said, referring to the large gap in technical and financial resources to adapt to and mitigate climate change.

It was Hu's fourth speech on the world stage this week. He spoke at the UN summit on climate change, the UN General Assembly general debate, and a Security Council meeting on nuclear nonproliferation and disarmament.

And in each of his speeches, Hu emphasized the interests of developing countries should be atop the agenda of any collective endeavor to tackle the world's problems.

Referring to the global economic imbalance, Hu said: "The root cause of the current economic imbalance is the huge development gap between the world's rich and poor nations. More resources should be injected into the development of poor countries".

World leaders also talked about issues ranging from economic recovery and regulation of the world financial system to collaboration in the development of green energy to make it a new growth engine of the world economy.

Hu was to leave for Beijing later on Friday (Saturday Beijing time) after the summit ended. A communique was likely to be issued after the summit.

Asia, Latin America

The two-day summit was dedicated to fostering a healthy global recovery, and European leaders were expected to deal with their own priority: limiting bankers' bonuses.

The leaders agreed to give Asian and Latin American countries a greater voice in a historic shift that recognizes the rising influence of the continents.

The leaders decided that Canada and the Republic of Korea (ROK) would hold a G20 summit each in June and November next year. The ROK will become the first Asian country to host the summit.

(China Daily September 26, 2009)

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