On September 25, 2009, the Third Financial Summit of G-20 Leaders was held in Pittsburgh, the United States. Chinese President Hu Jintao attended the summit, at which he delivered an important speech.

This summit took place in the David L. Lawrence Convention Center, with the discussions focusing on issues such as nurturing the recovery of the world economy, transforming the modes of economic development, reforming the international financial system and promoting development. Around 9:55 a.m. local time, President Barack Obama of the United States, the host country, declared the summit open. Then leaders present at the summit made remarks and exchanged views according to the agenda. At the summit, Hu Jintao delivered an important speech entitled "Make Every Effort to Promote Growth and Balanced Development".

Hu pointed out that at present coping with the international financial crisis and fostering the healthy recovery of the world economy remains our top priority. Besides, it is necessary to press ahead unswervingly with the reform of the international financial system and realize comprehensive, sustained and balanced development of the world economy in the process of addressing global imbalanced development.

First, stand firm in commitment to stimulating economic growth. We should make full use of the G-20 platform to continue enhancing coordination in macro-economic policies and ensure that those policies on the whole reflect consistency, timeliness and foresight in providing guidance. All countries should keep up the intensity of their economic stimulus plans. Both developed countries and developing countries should take more solid and effective measures and make greater efforts to boost consumption and expand domestic demand. It is necessary to resolutely oppose and boycott various forms of protectionism, safeguard a just, free and open global trade and investment system, continue committing ourselves not to take new measures of restrictions on commodities, investment and services, and promote success of the Doha round of talks at an early date while cementing existing achievements. We should make great efforts to promote international cooperation in emerging industries, especially cooperation in energy saving, emission reduction, environmental protection and new energy, and bring scientific and technological advances into full play to strengthen the intrinsic driving force behind world economic growth.

Second, stand firm in commitment to advancing the reform of the international financial system. At the last two financial summits, G-20 leaders reached the political consensus on promoting the reform of the international financial system, which is our solemn commitment to the whole world. At present, the international economic and financial situation has taken a turn for the better, but our determination to press ahead with the reform should not be weakened and our goal should not be lowered. We should follow through on the timetable and the roadmap agreed upon at the London summit, put an emphasis on increasing the representation and voice of developing countries and constantly push for substantive progress in the reform. And we should improve the current decision-making procedures and mechanisms of international financial institutions and have all the relevant parties more involved for more extensive and effective participation. Cooperation in financial regulation should also be enhanced to expand the coverage of regulation, and generally accepted financial regulatory standards should be formulated as early as possible to put into place the various reform measures with high performance.

Third, stand firm in commitment to promoting balanced development of the global economy. Currently the international community is highly concerned with the problem of global economic imbalances. Such imbalances include gaps between savings and consumption as well as between imports and exports in some countries. But more importantly, they are manifested in the imbalances in global wealth distribution, resource availability and consumption and the international monetary system. The root cause, however, is the yawning development gap between the North and the South. Only when the development of developing countries is effectively realized can the recovery of the world economy progress in firm steps and the growth of the world economy be more lasting. We should improve the international mechanism for promoting balanced development, offer support for the United Nations so that it can play a better guiding and coordinating role in addressing development issues, promote the World Bank to increase development resources and reinforce its poverty alleviation and development functions, and urge the International Monetary Fund (IMF) to establish a quick and effective financial rescue mechanism and prioritize financing for least developed countries. We should also increase various forms of input in development, and the large amount of funds raised with the promotion of G-20 summits should be prioritized for addressing the issue of imbalanced development. The great significance of technological cooperation to balancing development should be highly valued to reduce manmade barriers to technology transfer and create conditions for developing countries to narrow the development gap. Particularly, cooperation in the field of green technologies should be strengthened to ensure that they are accessible and affordable by developing countries.

Hu emphasized that China attaches great importance to comprehensive, balanced and sustainable economic and social development, and has mainly relied on expanding domestic demand, especially the consumption demand, in mitigating the impact of the international financial crisis. China has actively readjusted the structure of internal and external demand as well as the structure of investment and consumption, striving to strike a balance between speed, structure, quality and performance in its economic development. Since the outbreak of the international financial tsunami, China has introduced a series of polices and measures to expand domestic demand, readjust structures, promote growth and improve people's livelihood, which have yielded initial results.

Hu further noted that over a long period of time China has taken an active part in international development cooperation. Since the international financial crisis broke out, China has actively engaged in international cooperation to tackle the crisis despite the tremendous difficulties and stern challenges it itself is confronted with. China will continue, in a responsible manner, implementing earnestly its various commitments to and measures for foreign assistance, and providing within its available resources more assistance for developing countries, especially the least developed countries in Africa.

Leaders of other member states present at the summit also delivered speeches focusing on the topics of discussion of the summit.

During the summit, leaders present at the summit took a group photo.

Wang Qishan also attended the summit.

At noon, Hu attended the working luncheon of G-20 leaders.

On the evening of September 24, 2009, Hu attended the reception hosted by President Obama and his wife and the working dinner hosted by the former.