China's Hu hopes US financial measures provide stability

Beijing - Chinese President Hu Jintao spoke to his US counterpart George W Bush, expressing hope that US efforts would help curb the global financial crisis, state media reported Wednesday.

The Chinese leader and Bush also discussed planned international financial summits and ways to strengthen international cooperation to stabilise financial markets in their Tuesday phone call.

Hu hoped that US measures to rein in the crisis "would take effect as soon as possible, restore investor confidence and prevent further expansion of the crisis," Xinhua news agency reported.

"The measures are conducive to the stability of the world economy and financial markets," Hu added, according to Xinhua.

The Chinese government has taken a series of important measures to tackle the financial crisis and maintain the stability of financial and capital markets, as well as ensure steady economic growth, Hu told his US counterpart.

Bush replied that the United States hopes to make joint efforts with the international community to seek measures to overcome the crisis and maintain the stability of the world economy, according to Xinhua.

The discussion took place just days before a major summit of Asian and European leaders in Beijing. (dpa)

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