Hu said that the international community should think over the source of the international financial crisis and draw lessons from it to avoid similar crises in the future.

The international monetary system reform should be carried out step by step after concerned parties deeply think about and scientifically analyze the situation, coordinate their understanding and reach consensus, he added.

Sarkozy said France, which will soon hold the rotating presidency of the Group of 20, will take its own responsibilities and cooperate closely with China.

He expressed the hope that all parties will make joint efforts to push forward the reform of the international monetary mechanism, and try to reach consensus on the issue at an early date.

France is willing to discuss the reform with all parties including China, he added.

Hu arrived in Paris on Thursday for his second state visit to France aimed at promoting China-France ties. His first was in January 2004.

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