Calling for renewing commitment not to impose new restrictions on goods, investment and services, he said developed countries should promote international trade "with greater openness."

"It is important to address trade frictions appropriately through dialogue and consultation and under the principle of mutual benefit and common development," he stressed.

During the speech, Hu emphasized the significance of strong and sustainable growth for the world economic development.

"To ensure strong growth is the top priority in today's world economic development," Hu said, "to enable sustainable growth is our long-term objective."

The Chinese leader called upon other heads of state and government attending the G20 Summit to take proactive steps to ensure strong growth, make great efforts to develop the real economy, create jobs for the people and step up international cooperation in emerging industries.

"We should overcome difficulties in the course of progress and tackle challenges through growth," the Chinese president said, adding "We should strive for balanced growth, including balanced growth both among different parts and industries of a country and among different countries and regions."

But the Chinese leader warned that it would take a long and complex process to achieve strong, sustainable and balanced growth of the world economy.
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