The Rio+20 Summit takes place against a backdrop of a changing global landscape, an international economic crisis, rising global population levels, increasing global resource use and, despite all the progress, an unacceptable level of poverty.
China is committed to fulfilling its obligation to boost the resources of the IMF, said a Chinese senior finance official on the sidelines of the G20.
President Hu Jintao will kick off a state visit to Denmark Thursday, as the Sino-Danish bilateral relationship has embarked on a track of mature, sound and steady growth in recent years.
Given the fact that the G20 summit will be held in Mexico a month later, the situation may be improved if the eight powers can take a pragmatic approach to facilitate a fruitful G20 meeting.
For better or worse, Europe is now engaged in an insurrection against the fiscal pact condemning EU member countries to austerity without growth.
Overcoming the debt crisis haunting Europe is not a matter of months, but of years.
To be or not to be that is the question Greece is trying to answer: whether it should still be a member of the eurozone or not has become a pressing concern not just for Greece and but for the rest of Europe.
China urged Europe and the upcoming G20 summit to reach a "timely" and "decisive" consensus to prevent the European financial crisis from spreading.
The festering European debt crisis could dampen investor confidence in the short run, but would have only a limited impact on China's economy in the long run, a top executive at JP Morgan said Tuesday.
The fiscal pact to toughen budgetary discipline in the EU is not sufficient to pull the eurozone out of the gnawing debt crisis.
The International Monetary Fund (IMF) announced here Wednesday it has approved an additional loan of $1.8 billion to Ireland.
Brussels must coordinate with Washington, Beijing and other global players on capital control measures if Greece exits the eurozone after the general election.
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