Looking for remedies to heal world's woes discussed in various events PDF Print E-mail
Tuesday, 09 November 2010 13:53

BEIJING -- The world saw a series of headline news last week, including Chinese President Hu Jintao's visit to France, the mid-term elections in the United States, and Russian leader's visit to the Southern Kuril island of Kunashir. The remedies to heal woes in the world were seen discussed in these events.

Hu's visit to France officially turned a new page for the comprehensive, sound and rapid development of China-France relations, as commented by European newspapers like French daily Le Figaro.

Before his visit to France, the Chinese president said that the upcoming G20 summit in Seoul is an effective mechanism for the international community to cope with the international financial crisis jointly and will play an important role in pushing forward international economic cooperation and promoting the recovery of the world economy.

The summit in the South Korean capital will mainly discuss the joint efforts of major world powers to solve the basic problems that had triggered the international financial crisis and to consolidate the momentum of the world economic recovery, Hu said in a written interview with French newspaper Le Figaro and Portugal's Lusa News Agency on Tuesday.

In the interview, he also put forward a four-point proposal, presenting an effective remedy for boosting confidence in the market.

In Washington, the U.S. mid-term elections on Tuesday saw Republicans dominating the House of Representatives with record gains, while the scores of U.S. President Barack Obama's "mid-term examinations" were not satisfying.

Analysts said one of the reasons was that Obama prescribed too many inefficient remedies over the last two years, from economy-stimulating policies, healthcare, to the increasing military presence in Afghanistan, which dampened the enthusiasm of many American voters and made them frustrated, bitterly.

For some woes that lasted for decades, a radical remedy could hurt, instead of heal.

On Friday, Japan recalled its ambassador to Moscow following Russian President Dmitry Medvedev's visit to the islands over which both nations claim sovereignty.

It was the first ever visit by a Kremlin leader. Japan warned Moscow against more visits to the rocky islands, saying the Northern Territories are "Japanese territory."

Russia dismissed the Japanese warning, saying that Medvedev planned more trips to the islands.

"We don't need any advice on this matter," Russian Foreign Minister Sergei Lavrov told reporters in Moscow. "This is our land. The Russian president does not take advice from anyone when he chooses which Russian region he will visit."

Leaders from the Group of 20 (G20) economies will gather in Seoul on Thursday and Friday with economic matters dominating their agendas.

High on the agendas is setting measurable targets for reducing destabilizing trade and current account gaps.

The G20 nations, which account for 85 percent of the global economy, will also study proposed financial reforms, such as stricter standards and supervision for large banks and other institutions.

Remedies are expected from the summit, but one thing is sure -- the spirit of concerted actions is needed and long-term interests of parties concerned will be taken into account when the remedies are being prepared.