Chinese President Hu Jintao on Saturday urged the G20 members to enhance dialogue with other international and regional economic institutions to boost global development.

"In light of the current international context, G20 members must engage in flexible and pragmatic dialogues on the basis of equality and mutual benefits, seeking common grounds while shelving differences," Hu said at the opening ceremony of the Seventh G20 Finance Ministers and Central Bank Governors Meeting.

He also urged the G20 members to "increase exchanges and cooperation with other regional and international economic institutions to build trust, expand consensus and coordinate actions."

Such moves, he said, will enable the G20 members to play bigger and more active roles that can have a real impact on ameliorating the international trading systems and rules, improving the international economic and financial structures, enhancing North-South dialogue and cooperation and facilitating global efforts in poverty reduction and development.

The G20 mechanism has included in its members the primary players of both the developed and developing countries as well as those in transition.

The G20 members account for two thirds of the world total population, over 90 percent of the world's gross domestic product and 80 percent foreign trade.

"All this has made it (the G20 mechanism) a widely representative and influential international economic forum," Hu said.

Source: Xinhua