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Indonesian Analysts: China-US Summit Expected to Be Helpful for Global Economy

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Sofyan Wanandi, head of the Indonesian Employers Association (Apindo) said he was expecting the best results from the meeting.

"Whatever the results, they will be good for the world," he said, referring to China's ambition to play a bigger role in the IMF.

He said China and the United States will play significant roles to cure the global financial crisis.

"And the most important thing is that the world heavily depends on China and East Asia to revive global economy," he said.

Sri Adiningsih, an economist from the University of Gajah Mada, said she agreed with Sofyan's comment about the big roles of China and the United States in revitalizing the world economy.

She said good cooperation will materialize as long as the two countries don't "attack" each other.

"The United States shouldn't impose protectionism and China must not stop buying American bonds," she said.

She added that the world depends on the two countries to improve the global financial system by regulating and supervising the trade of hedge fund, shares, and bonds.

(Xinhua News Agency April 1, 2009)

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