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ASIAdocument.write(“” + m[today.getMonth()+1]+ ” “+ today.getDate()+”, ” + theYear + ” “);HOMECHINAWORLDBUSINESSLIFESTYLECULTURETRAVELSPORTSOPINIONREGIONALFORUMNEWSPAPERChina Daily PDFChina Daily E-paperChina Daily Global PDFChina Daily Global E-paperOpinion / Op-Ed ContributorsEditorialsOp-EdColumnistsContributorsCartoonsSpecialsFrom the PressForum TrendsTalk from streetDebateEditors Pick:Syrian refugeescyberspaceV-Day paradeshrimp scandalTPPG20 chair and globalizations futureBy Gregory Chin and Hugo Dobson (China Daily) Updated:2016-09-02 07:25Comments Print Mail Large Medium SmallChinas role in the G20 has greatly evolved since the global financial crisis broke out in 2008. After watching other economies take the G20 chair for five years, China made its bid in 2014 and was chosen to host the G20 Leaders Summit in 2016. But has the G20 chair come to China too late for the globalization agenda?Back in autumn 2008, when the global financial system was in freefall, China stepped in to play an important role, together, with the other leading economies at the then new G20 Leaders Summit in Washington in November 2008, and at the next summit in London in April 2009. But despite Chinas efforts to stabilize the world economy, the traditional powers did not offer to share the global responsibilities with it.China coordinated with other leading economies to send the right signals to the global financial markets. But as soon as a sense of order was restored in 2009, the worlds leading powers reverted to their previous positions.The G7 countries attempted to restore their global influence at the apex of the global system, although China abjured from taking the G20 leadership at that time.Instead China directed its diplomacy to creating a new grouping, BRIC (Brazil, Russia, Indian and China) which became BRICS when South Africa joined it in 2011.China also turned its diplomatic attention to shoring up some regional cooperation mechanisms within Asia, as part of the ASEAN+3 (China, Japan and the Republic of Korea) grouping. It was not until the G20 Summit in Seoul in November 2010 that the dominant pattern of G7/8 nations hosting the G20 process was put on hold.Throughout this period, China watched as other countries rushed to host the G20 Summit. Until recently, Chinese officials saw the G20 as little more than an ad hoc, informal, though useful, platform for global economic crisis management. The G20, in the meantime, struggled to show its added-value after the initial summits.China as the G20 Summit host this year seeks to create new sources of growth for the global economy, ward off growing protectionism in key economies, and upgrade the G20 itself as a platform for global governance.Previous Page1 2 Next PagePrevious Page1 2 Next Page0Related StoriesChina, other G20 members contribute to global financial governanceG20 coordinators confident of summits success, accomplishmentFourth G20 Sherpa Meeting held in HangzhouHangzhou: host city of G20 SummitG20 will play vital role in stabilizing global financial markets: ChinaHow did G20 cope with global financial crisis?G20 summit displays Chinas ability in chairing global governance forumMost Viewed Todays Top NewsG20 chair and globalizations futureRegulatory synergy needed for global growthNew free trade zones reflect resolve to deepen reformJapans plans sour in AfricaChina, UK can write new chapter togetherForum TrendsIs Chinas early education craze happening?Is homeschooling beneficial or detrimental to children?Should online learning be encouraged?Is cupping therapy good for you?Is a gold medal all that matters?Is free healthcare a luxury in China?Is it easy to find an English-teaching job in China?ColumnistsChina can help fix US crumbling infrastructureBeijing and Berlin can infuse fresh blood into G20Featured ContributorsG20 in Hangzhou: Chinese lessons in infrastructure and innovationOlympics should cherish the merit of cost controlStar BloggersThe killing of a Chinese man in Paris By ChevalerieDuring my last visit to Paris, the killing of a Chinese man moved me a lot. Chaolin Zhang was a dressmaker, a man like many others, hard-working, good father and happy to live on Earth. In honor of his memory, this is the context surrounding his death.Why should English teachers in China look Western? By 财神With its rapid economic development and opening up, China has opened its doors to English teachers from various nations.Struggling for a better life in Canada By SavaAfter fulfilling the obligations of my teaching for the current school year, I thought that I should seize the opportunity to pay a visit to Montreal, Quebec, my hometown.SpecialAcorss Loulan: an internet cultural journey into amazing Xinjiang2016 retrace the Long March route in GuizhouFive guidelines for foreigners seeking job…| About China Daily | Advertise on Site | Contact Us | Job Offer | Expat Employment |Copyright 1995 -var oTime = new Date();
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