voa标准英语2008年-Bush Administration Sees Progress After G-20 Me

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U.S. Commerce Secretary Carlos Gutierrez (file photo)

U.S. Commerce Secretary Carlos Gutierrez says the summit of leaders of industrialized and developing economies did not produce any immediate², concrete action to shore up the financial system. Rather, he said, the meeting promoted consensus³ on how to formulate⁴ a way forward.

"I think the important thing is the leaders of G-20 coming together and agreeing on a longer-term agenda," said Carlos Gutierrez. "One meeting is not going to solve the whole global situation, but they did agree in principles. They agreed on future meetings. They agreed on a process. I think that is a very important step."

Gutierrez was speaking on CNN's Late Edition program.

The G-20 meeting yielded pledges to strengthen the ground rules under which financial markets operate. Participants also promised efforts to boost investor⁵ and consumer protection, and to stimulate⁶ economic growth.

Secretary Gutierrez said President Bush shares the view of other participants that some market oversight⁷ is needed to prevent excesses and abuses, but is adamant⁸ that the free market be preserved.

"We are here to strengthen our free-market capital system, not to change it," he said. "There is an inclination⁹ when you get into problems like this to go to an extreme, to over-regulate. I think we have to be careful. We have to find a balance, and we cannot over-regulate so that five years from now we are trying to claw our way back because we overdid¹⁰ it."

The G-20 meeting was held amid a continuing drumbeat of unsettling economic news around the world. Last week, Germany officially slipped into recession, while more Americans filed for unemployment benefits, and China's projections¹¹ for economic growth were cut.