If Nicolas Sarkozy claimed credit for much of the progress at the G20 summit and Barack Obama won plaudits for his nimble diplomacy, China gave a more cautious welcome to the results of the meeting.

In the absence of the sort of presidential press briefing that many countries conducted, Chinese officials yesterday listed a number of their own achievements from the London summit, however they also acknowledged some of China's main priorities were not addressed.

Officials said they were pleased with the announced reforms of the International Monetary Fund, which include the end of the Europe-US monopoly on the leaders of the IMF and World Bank and the promised reform of the quota system to give China a larger say. While Gordon Brown, UK prime minister, said China would inject $40bn (€30bn) to the IMF's coffers, officials said the details of China's contribution were still under discussion.