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Chinese President Hu Jintao (R) gestures to the President of European Commission Jose Manuel Barroso in the Great Hall of the People in Beijing October 23, 2008. The current financial crisis will require unprecedented levels of global coordination to resolve it because no country is immune to its effects, Barroso said on Thursday. Speaking in Beijing a day before the opening of the Asia-Europe Meeting (ASEM), Barroso said that apart from dealing with financial problems, leaders would need to address major imbalances in the global economy that he said were at the root of the crisis. [Agencies]
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