China tells G20 to tackle tepid growth, fiscal risks

BEIJING, June 5 (BestGrowthStock) – Rich nations should take
“effective measures” to tackle their tepid growth and fiscal
woes, China’s Minister of Finance Xie Xuren told a G20 meeting
in South Korea, the official Chinese Xinhua news agency
reported on Saturday.

Xie urged the developed economies to “maintain basic
stability among the major reserve currencies” and urged
policy-makers to keep an eye on inflationary and fiscal risks
while seeking the restore growth, the report said.

G20 officials have been working to forge a consensus on how
best to support global economic growth given risks posed from
the Eurozone debt crisis, as well as bolstering financial
regulations and making global banks safer and better
capitalised.

Stock Market Today

(Reporting by James Pomfret; Editing by Sugita Katyal)

China tells G20 to tackle tepid growth, fiscal risks