Policy Alert #130 | September 13, 2016

From September 4-5, China hosted this year’s G-20 Summit in Hangzhou, a city known for beautiful scenery and its historical West Lake. Launched in response to the 2008 global recession, the forum was an opportunity for the world’s 20 largest economies to convene and discuss major challenges. Although commentary in China and Russia was quite positive about the Summit’s results, others in India, Japan, and South Korea were less enthusiastic. The gathering was also part of Barack Obama’s last trip to Asia as president and was closely watched by rising powers for signs of what the future might have in store for the international political and economic order. In this Policy Alert, we examine commentary from China, Russia, India, Brazil, Japan, and South Korea on the G-20 Summit.

CHINA

China’s theme for the Summit was “Toward an Innovative, Invigorated, Interconnected and Inclusive World Economy.” As the host leader, Chinese President Xi Jinping urged leaders to avoid “empty talk” and instead seek “concrete actions to implement joint plans on sustainable development, green financing, and anti-corruption.” At a business focused event on the sidelines of the Summit, Xi promised China does “not seek to rewrite the international rulebooks” but instead wanted to “refine the existing mechanisms to facilitate global win-win cooperation.”

Most commentary in China hailed the Summit as a success and a clear sign of China’s rising economic and political strength on the world stage.

• Wang Peng, associate researcher at Fudan University, identified a “Hangzhou Consensus” emerge from the Summit with leaders recognizing the need to “revitalize globalization” in a “more comprehensive, innovative, and inclusive manner.”
• China Daily thought the host country left “its stamp on the G-20” by demonstrating “unswerving commitment to globalization,” expanding the existing global market system, fighting off protectionism, and aligning the G-20 agenda with UN development goals.
• Global Times declared “multiple victories” for China at the Summit, including recognition of Chinese soft power in spite of Western criticisms.
• Global Times blamed Western media outlets for making a “fuss over trifling issues” such as an awkward confrontation between Chinese officials and U.S. journalists/White House staff as Air Force One arrived in China.
• China Daily praised Hangzhou’s tour as host city and proving “how China has become a leader of growth, as the city is home to many new businesses and new management models.”

Continue reading Rising Powers Converge in China for G-20 Summit