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China's Finance Minister Xie Xuren (L, Front) arrives at the meeting place in Horsham, 50 kilometers south of London, Britain, on March 13, 2009. [Xinhua/Reuters Photo]

Ahead of the G20 Finance and Central Bank Governors Meeting, divergences between the U.S. and the European Union (EU) have emerged and gradually widened. The U.S. hopes the London Summit will focus on how to increase spending to stimulate economy, while the EU wants to give priorities to reform the international financial system. European countries have little appetite to further build up their debts to stimulate their economies. Japan has backed America's standpoint, saying that April's G20 summit should focus on the need for immediate co-ordinated action to support the world economy rather than long-term efforts to reform the international financial system.

Therefore, finance ministers and central bank governors should try to remove these divergences in such a short time period so as to make good preparations for the London Summit, which is pinned great hope to create some clear and concrete measures to deal with the current crisis. However, it is widely believed that these divergences could not be removed at the G20 Finance Ministers and Central Bank Governor Meeting and will continue to display at the G20 London Summit.