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Hu calls for open, just world trade
By Hu Qihua (China Daily)
Updated: 2005-07-08 05:59

This is the second time Hu has been invited to participate in G8 dialogue since 2003.

Leaders of the five developing states welcomed a decision adopted by G8 finance ministers to promote further debt relief for a number of the world's poorest countries.

Chinese President Hu Jintao (L) and his wife Liu Yongqing arrive at Prestwick airport in Scotland for the G8 Summit at Gleneagles, Scotland, July 6, 2005. [Reuters]

Some observers say Hu's attendance indicates that developed industrial countries increasingly recognize China's influence on the world economy.

"China needs the G8 and the G8 needs China," said Shen Jiru with the Institute of World Economics and Politics under the Chinese Academy of Social Sciences.

With increasing new threats and challenges to world relations, such as regional security and economic integration, it is impossible for any country to deal with those problems independently, Shen said.

He expressed belief that an expanding dialogue between G8 and developing countries would become the norm. "It is hard to see how the international community can deal with major world issues without involving influential developing countries like China," Shen said.

On the sidelines of the summit, Hu also met British Prime Minister Tony Blair, German Chancellor Gerhard Schroeder and French President Jacques Chirac.

They exchanged views on Sino-EU relations, and sensitive issues including Europe's 16-year arms embargo on China, and the possible granting to China of full market economy status.

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