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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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  • ( 06:40

    China is the only developing country that has broken into the top 10 ranking with best innovative capabilities in the G20, according to a yellow book jointly released by the Social Sciences Academic Press and Fujian Normal University on July 5.Let us take a look at the list.No 10 ItalyA robot from t...

  • (China Daily)2017-07-20 07:09

    Their interactions were scrutinized closely due to the alleged meddling WASHINGTON - US President Donald Trump and Russian President Vladimir Putin had a previously undisclosed conversation during a dinner for G20 leaders at a summit earlier this month in Germany, a White House official said on Tues...

  • (Xinhua)2017-07-18 10:00

    BEIJING — Senior Chinese and US officials will meet on economic and trade issues, leaving opportunities for the two sides to crack many hard nuts under the new format. The first round of the Comprehensive Economic Dialogue (CED) will begin on July 19 in Washington. It is one of four major dialogue...

  • By Venkatachalam Anbumozhi(China Daily)2017-07-15 09:03

    The G20 meeting 2017 is held in Hamburg, Germany, on July 7-8. [File photo] Vowing to push for "interconnected" growth, leaders at the July 7-8 G20 summit in Hamburg, Germany, decided to take concrete actions to build economic resilience, improve sustainability, and assume global responsibility. The...

  • By Carlos Aquino( 14:50

    President Xi Jinping presides over a meeting of the BRICS countries - Brazil, Russia, India, China and South Africa - on the sidelines of the G20 summit in Hamburg on July 7. [Photo/Agencies] The G20 summit in Hamburg is very important because the world is confronting several important issues that n...

  • By Fu Jing(China Daily)2017-07-11 07:12

    A comparison of the outcome documents from the G20 summit in Hamburg that concluded on Saturday and those produced at the Washington gathering, the first such meeting between the leaders of the 20 major economies held two months after the fall of financial giant Lehman Brothers in 2008, leads to bot...

  • By Cai Meng(China Daily)2017-07-10 07:54

  • By Alexander Demissie And Moritz Weigel( 16:33

    Germany has made cooperation with Africa a core element of its G20 Presidency. The German government advocates for a G20 Africa Partnership and has put in place the G20 Compact with Africa which aims to promote private investment, sustainable infrastructure and job creation in African countries. Ger...

  • (Xinhua)2017-07-07 11:12

    HAMBURG, Germany — China is expecting that the upcoming G20 Summit scheduled to kick off on Friday in northern Germany city of Hamburg can reach consensus on free trade, Chinese Vice-Minister of Finance Zhu Guangyao said here Thursday. Addressing a news briefing here, Zhu said the summit is import...

  • By Mark Greeven( 08:40

    President Xi Jinping and first lady Peng Liyuan arrive in Hamburg, Germany, on July 6, 2017. [Photo/Xinhua]After successfully hosting the G20 in 2016, China's participation in the G20 in Hamburg this year may prove an important next step to further integrate and lead important global developments. A...

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