Chinese president hopes US moves will stabilise market

September 22nd, 2008 - 2:47 pm ICT by IANS  

Beijing, Sep 22 (Xinhua) Chinese President Hu Jintao Monday spoke to his US counterpart George W. Bush over the phone and expressed his confidence that Washington would overcome the financial market crisis being felt worldwide.Bush briefed Hu on the latest development of the US financial market, saying his government was well aware of the scope of the problem, and had taken necessary measures to stabilize the domestic and world markets.

Hu hoped the measures would lead to a gradual recovery of the market, which he said not only serves the interests of the United States, but also those of China, and would help to stabilise world financial markets.

The Chinese president said his country is keen to work with the US to intensify dialogue, exchanges and cooperation to the benefit of bilateral relations and to resolve issues like the Taiwan question.

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