Special Report: Global Financial Crisis |
Special Report: Hu attends UN, G20 Summits |
PITTSBURGH, the United States, Sept. 24 (Xinhua) -- The third financial summit of the Group of 20 (G20) opened here on Thursday evening.
Leaders are expected to coordinate their positions on a global economic recovery, financial regulatory reform and world trade issues during the two-day meeting.
Many high-level international meetings have been held to fight the global financial crisis since last September when the Wall Street investment bank giant Lehman Brothers collapsed. The following are some of the major events in chronological order:
G20 Washington Summit
The first round of the G20 financial summit was held in Washington on Nov. 15, 2008.
Leaders discussed the root causes of the financial crisis, actions that had been taken and were to be taken, common principles for reform of financial markets, and commitment to an open global economy.
On the issue of financial reform, the G20 vowed to strengthen transparency and accountability, enhance sound regulation, promote integrity in financial markets, reinforce international cooperation and reform international financial institutions.