China in the G20 summitry

The G20, as the primary forum for for Financial and Economic Affairs — acts as the highest- global economic governance in the view of some Chinese level coordinating agency and it is widely regarded as scholars, reflects the new balance of power in the global the core economic policy-making body in China. [...] The People’s Bank of China (PBoC) and the Ministry of Finance China participated positively in the macroeconomic play key roles in handling all financial issues, while the coordination in coping with the global financial crisis and Ministry of Foreign Affairs is responsible for all bilateral promoting the recovery of the world economy in 2008 and relations and multilateral affairs among the BRICS [...] In on the future direction of development in China — for April 2014, Deputy Governor of the PBoC Yi Gang was instance, reform of the RMB exchange rate, openness of appointed concurrently as the Deputy Director of the Office capital accounts or marketization of interest rates — have of the Leading Group for Financial and Economic Affairs. [...] All of the relevant ministries have their own means and In practice, the Politburo’s advisory group in economic channels in which to lobby the top decision makers — affairs, known as the Leading Group for Financial i.e., the premier of the State Council, the vice premier and Economic Affairs of the Central Committee of the in charge of economic and financial affairs, and other Communist Party of C [...] Specifically, the Leading Group a principle that translates from Chinese to approximately is headed by the premier or president,9 and its members “lead collectively and take responsibilities together.” The including vice premiers in charge of economic and head of the Leading Group, the premier or the president, may have the final say, but he has to take into account all of the opinions from other