China pledges to balance economy
China will ensure steady and robust growth by boosting domestic demand and rebalancing its economy to help counter the obstacles hindering a global recovery, President Hu Jintao pledged to Asia-Pacific leaders gathered for a regional summit.
Asia remains the biggest driver of global growth, despite a decline in Chinese growth to a three-year low of 7.6% in the second quarter, and Beijing is struggling to create enough jobs and cope with the adverse impact of the debt crisis on its own economy, Mr Hu acknowledged.
