Currently, the international financial crisis continues to spread, and the global economic recession has yet to bottom out, presenting a severe situation. Both China and the UK should take more robust measures to jointly tackle challenges and promote the recovery of economic growth in both countries and globally.
Since the outbreak of the international financial crisis, China and the UK, along with the international community, have worked closely together. To overcome the current difficulties, it is crucial to transform confidence into market credit and restore the functioning of financial markets as soon as possible. Properly coordinate the positions of all parties while effectively utilizing the "two hands" of government and market. Strengthen the coordination of macroeconomic policies among countries and jointly adopt fiscal and monetary policies to stimulate economic growth. Clearly oppose all forms of protectionism. Currently, the large-scale measures China has taken to stimulate economic growth have begun to show results, with positive changes in economic operations, and the situation is better than expected. We will continue to implement proactive fiscal policies and moderately loose monetary policies to ensure healthy and stable economic growth, contributing to the global economic recovery.
To fundamentally prevent the recurrence of financial crises, China and the UK, as important members of the G20, should strengthen cooperation to promote the implementation of the consensus reached at the G20 Washington and London summits.