Central bank governors and finance ministers from G20 countries are meeting in Shanghai to figure out how to boost global economic growth and minimize risks. China's Finance Minister Lou Jiwei has called for enhancing structural reform of the global economy.
Meanwhile, US Treasury Secretary Jack Lew urged countries to avoid competitive devaluation. He said it was increasingly important to use all available policy tools to address a shortfall in global demand.
And the Indonesian finance minister Bam-bang Brod-jone-ger-ro said the two-day meeting is a key platform for policy coordination. But he added, the implementation of policies is more important.
"Everybody knows what's everybody else is doing. Nobody will be set aside, by the policy from everybody else," said Bambang Brodjonegoro, Indonesian Minister of Finance.
