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G20 Hangzhou Summit 'launch pad' for global recovery

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Staff writer ▼ | March 30, 2016
Economists hope China can provide some fresh thinking to inspire the leaden global economy when Hangzhou hosts the G20 summit in September.
Global economy   Putting a lot of focus on Chinese economic credentials
"Let Hangzhou be the launch pad for the G20 and let China be the launch pad for the world economy," said Wei Min, a researcher with the China Institute of International Studies, at a seminar held in Beijing by the Brookings-Tsinghua Center.

Members of Brookings-Tsinghua, a think tank under the John L. Thornton China Center operated in partnership with Tsinghua University, are positive about China's growing role in global governance after it assumed the G20 presidency in December.

John Thornton, co-chairman of the Brookings Institution, said the Hangzhou summit will be a chance for China, "an enormous economy with impacts on every international issue," to bring new energy and new perspectives to the G20.

As well as putting a lot of focus on China's own economic credentials, the event will serve as a test of its role in the global system, said Jeffrey Bader, a researcher with the John L. Thornton China Center.