Chosun Ilbo," the headline: Seoul leaders clash Debate Night

South Korea, "Chosun Ilbo," the headline: Seoul leaders clash Debate Night

Heads of the Group of Twenty summit in Seoul ended high-profile Chinese voice diminishing American influence

If the Group of Twenty (G20) of the bulletin is to cover all countries in the fiscal and monetary policy has long been fully exposed the differences, it was successful play this role.

Twenty leaders said yesterday before the summit ended, G20 will develop indicators to measure economic imbalances, but how to define the balance of the controversial issues to be postponed until next year.

At least, the United States have been effectively attempt to curb, G20 member states refused to join them to put pressure on the renminbi.

China to become a participating party even behind, foreign media that the end of the summit opened economic superpower United States, the fate of a new chapter in the decline, while President Hu Jintao's speech, but also to the presence of world media has left a deep impression.

Consequently there is no specific program ended sadly

"This is not a celebration of the feast," participating in the Group of Twenty (G20) summit in Seoul, an official said. The leaders in particular, on how to define the economic imbalances can not be a controversial issue in this agreement, but only the first half of 2011 commitment to discuss a series of indicators.

South Korean President Lee Myung-bak said, world leaders agreed to hold next year before the G20 summit in France, the current account formulate guidelines to address global economic imbalances.

"Chosun Ilbo", Yonhap and other South Korean media reports more than the end of the summit as "fruitful", but the evaluation of the media of other countries is generally not high, due to exchange rate issues in the summit did not come up with specific, with effectiveness solution than say that they jump, more people think that "only half a step and went forward."

British Broadcasting Corporation BBC report begins with a command under the "G20 disappointed the media world," Reuters, the title of the article is "lackluster results of the summit, only to meet the minimum expectations of the outside world."

The article said that pervaded the currency market in order to restore global confidence in the economic sense of urgency and did not appear in the Korean summit communique. "They just decided to write a lot of the end of the meeting pretty good aim, and hope to do better, and the future of the meeting would achieve more."

German "Handelsblatt" on the results of analysis that such a summit, at best, listen to each other, countries are now very different situation, unable to take common action. The London summit in 2009 and the summit is different then, all countries are equally threatened by the financial crisis, work together to make the world economy back on track.

Weakened the United States no longer affect the decline of aura

Obama on the export of powerful criticism of China and Germany met with a broad front of the counter-attack, the U.S. media in general for such a "failure" and was disappointed. Look on the German media that the summit opened economic superpower decline this new chapter of destiny.

U.S. "Forbes" magazine wording of the extreme, not only for the G20 refused to support the United States the result of pressure on the RMB, said resentfully, and even said that the conflict between China and the U.S. will threaten world economic growth.

World's 20 most important industrial countries and emerging countries are not on the end of the currency "competitive devaluation" of the appeal, the summit declaration in the preparatory meeting is not reached on the relevant statements. "Forbes" that the contents of the Declaration that the Group of Twenty refused to support the United States to pressure China on the RMB exchange rate, indicating that the U.S. influence on the world stage declined, especially in economic affairs.

United States, "The Wall Street Journal" entitled "G20 summit weakened American influence," the article also said that China's exchange rate back in the United States, can be described as eye-catching, while Obama still had to stand in an awkward position for not government-controlled central banks to defend.

"The New York Times" is no choice but to sigh: "Obama's aura darkened."

China voices support for high-profile criticism of the U.S. people

Singapore's "Lianhe Zaobao" concern at the G20 summit, President Hu Jintao's important speech. The article quoted him as saying, the world economy is slowly recovering, but still insufficient aggregate demand, the lack of new economic growth point. Differences in national economic policy objectives, macroeconomic policy coordination more difficult, the world economic recovery, vulnerability and imbalance further demonstrated. "Wall Street Journal," is noted, Hu proposed that China will take various measures to stimulate domestic demand and ensure that private consumption continued to rise, contributing to global economic growth. The newspaper also commented that, although not named, but Hu subtly criticized the United States. The article quoted Hu as saying, "the major reserve currency economies should implement responsible policies, keeping the exchange rate relatively stable."

Reuters said that the Chinese officials have in the U.S. Federal Reserve Board before the G20 summit in Seoul, the new loose monetary policy dissatisfaction.

Germany's "Frankfurter Allgemeine Zeitung," is that Germany, or China's surplus does not mean that the adverse world, have to be corrected, China's peg is "unhealthy", "China's economy as strong currency should not be linked to a failed state. "