G20 Summit Focuses on the China Effect

The London G20 summit in early April highlighted the so-called "China effect." Against the backdrop of recession in many of the world's main economies, China is expected to exercise more responsibility. The country has maintained a stable increase in GDP, ranking number three in economic aggregate and first in foreign currency reserves. The London Summit provided a stage for China to have its voice heard by the world, claims Ren Xiao, deputy director of the Institute of International Studies, Fudan University. "China will, with a practical and progressive attitude, put forward its own propositions on reforms, and work with emerging countries and Western societies to shake off the current economic turmoil."

Chinese President Hu Jintao and UK PRime Minister Gordon Brown at the London G20 Summit on April 2, 2009.       Cnsphoto