Chinese President Hu Jintao on Tuesday spoke over phone with his US counterpart George W. Bush about international cooperation to cope with the ongoing global financial turmoil.

The leaders exchanged ideas about the planned international financial summits and strengthening international cooperation to stabilize the financial markets.

Bush said the United States hopes to make joint efforts with the international community to seek measures to overcome the crisis and maintain the stability of the world economy.

Hu, for his part, said China has noted the efforts made by the US government to stabilize the domestic financial market. He expressed hope that the measures would take effect as soon as possible, restore investor confidence and prevent further expansion of the crisis.

The measures are conducive to the stability of the world economy and financial markets, Hu said.

The Chinese government has taken a series of important measures to tackle the financial crisis and maintain the stability of financial and capital markets, as well as ensure steady economic growth, he added.

The government of China will continue to assume a responsible attitude toward the Chinese people and people of other countries, and to work closely with the international community to maintain the stability of the global economy and financial markets, President Hu said.

(Xinhua News Agency October 22, 2008)