PM 2

The other issue that may come up prominently in the
summit is the demand for reforming Yuan, a demand China
opposes strongly even though it has set in a process of
flexibility that has seen the currency gaining marginally
against the US dollar.
China says the Summit leaders should look at ways to
revive the global economic recovery and sustainable growth
instead of concentrating their energies on a single currency.
The theme of the Toronto Summit, the fourth since 2008
Washington Meet called by outgoing President George W Bush to
tackle the global financial crisis, is 'Recovery and New
Beginnings'.
Its focus is expected to be on implementation of the
previous Summit decisions and review the current status of the
global economic recovery and to chart future direction.
The leaders are also expected to address the framework
for strong, sustainable and balanced growth, reform of
international financial institutions, financial regulatory
reform and reiterate the fight against protectionism.
Apart from G-20 leaders, including those of US,
Britain, France and Germany, host Canada has also invited
leaders of Spain, the Netherlands, Malawi (Chair of the
African Union), Vietnam (ASEAN chair) and representatives of
UN, World Bank and IMF to the Summit. (More) PTI