Xinhua — Chinese Premier urges G20 policy coordination

Li calls for concerted action.

"When formulating macroeconomic policies, G20 members need to keep in mind not just their own growth. They also need to look after the spillover effects of their policies," said Li in a video message to the G20 Finance Ministers and Central Bank Governors Meeting that opened Friday in Shanghai.

"We need to increase communication and coordination, and work together to secure the stability of the international financial market," said the premier.

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Chinese Premier urges G20 policy coordination

Xinhua