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The Group of Twenty (G20) is the premier forum for international cooperation on the most important issues of the global economic and financial agenda. The objectives of the G20 refer to: 1.Policy coordination between its members in order to achieve global economic stability, sustainable growth; 2. Promoting financial regulations that reduce risks and prevent future financial crises; 3.Modernizing international financial architecture. The G20 brings together finance ministers and central bank governors from 19 countries: Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, the Republic of Korea, Mexico, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States of America plus the European Union, which is represented by the President of the European Council and by Head of the European Central Bank. The G20 was formally established in September 1999 when finance ministers and central bank governors of seven major industrial countries (Canada, France, Germany, Italy, Japan, the United Kingdom and the United States) met in Washington, D.C. in the aftermath of the financial crisis of 1997-1998, which revealed the vulnerability of the international financial system in in context of economic globalization and showed that key developing countries were insufficiently involved in discussions and decisions concerning global economic issues.
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  • (Xinhua)2017-03-20 11:05

    BADEN-BADEN - China will work actively with parties concerned to push forward the financial cooperation among the BRICS countries and make more achievements, China's finance minister and central bank chief have said. They made the remarks on Friday at the BRICS summit for finance ministers and centr...

  • (Xinhua)2017-03-17 10:11

    BADEN-BADEN - Trade and exchange rate issues might become the focal points for the Group Twenty (G20) gathering in the German spa town of Baden-Baden, where are seeing arrivals of finance ministers and central bankers on Thursday. Among the treasurers, many worry about a rise of protectionism, as th...

  • ( 14:42

    A pedestrian walks past skyscrapers including, left to right, the Leadenhall building, also known as the Cheesegrater, the Aviva Tower, 30 St Mary Axe, also known as the Gherkin, and The Scalpel, in London. [Photo/Agencies]Chinese-owned companies have recorded triple-digit growth in the past two yea...

  • (Xinhua)2017-02-17 11:25

    BONN, Germany - China and Britain agreed to safeguard global free trade mechanism and promote free trade as foreign ministers of the two nations met on Thursday. Chinese Foreign Minister Wang Yi met his British counterpart Boris Johnson on the sidelines of the Group of Twenty (G20) foreign ministeri...

  • By Jing Shuiyu( 20:52

    The Ministry of Human Resources and Social Security along with Tsinghua University set up a research center on G20 economies’ entrepreneurship on Wednesday to support startups and facilitate communications among G20 members.The Entrepreneurship Research Center on G20 Economies will cooperate with ...

  • ( 10:52


  • By Jing Shuiyu(China Daily)2016-12-30 07:12

    A voice-controlled robot designed by college students does push-ups at a show in Shandong province. [Photo/China Daily]The state of Chinese entrepreneurial activities is strong, according to the latest available data contained in a major international academic report.The report, released at a press ...

  • (Xinhua)2016-12-24 14:42

    BUENOS AIRES - China's recent decision to deepen supply-side structural reforms and open up more to foreign direct investment (FDI) is in line with G20 goals to improve the global economy, according to a leading Argentine economist and political observer."That is consistent with the decision made at...

  • ( 17:25

  • By Fu Jing(China Daily)2016-12-06 07:36

    German Chancellor Angela Merkel meets the Chinese delegation before holding talks with Vice-Premier Liu Yandong in Berlin on Nov 25, 2016. [Photo by Fu Jing/]Germany, the European Union's largest economy, took over the presidency of the G20 on Dec 1 and is preparing to host the grou...

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