G20

Welcome to our G20 Blog Section, here you will find information and latest news on the G20.

The G20 is an informal group of 19 countries and the European Union, with representatives of the International Monetary Fund and the World Bank. The finance ministers and central bank governors began meeting in 1999, at the suggestion of the G7 finance ministers in response to the global financial crisis of 1997-99.

The Group of Twenty (G20) is an international forum that brings together the world’s 20 leading industrialised and emerging economies. The group accounts for 85 per cent of world GDP and two-thirds of its population.

Much of the important business takes place on the sidelines and in informal meetings.

Membership of the G20 consists of 19 individual countries plus the European Union (EU). The EU is represented by the European Commission and by the European Central Bank. Collectively, the G20 economies account for around 85% of the gross world product (GWP), 80% of world trade (or, if excluding EU intra-trade, 75%), two-thirds of the world population,and approximately half of the world land area.

Below is our list of blogs about G20.

Chinese envoy: Modi, Xi to meet on G20 sidelines in Argentina

PM Narendra Modi and Chinese President Xi Jinping Chinese President Xi Jinping and Prime Minister Narendra Modi will meet on the sidelines of the G20 meeting in Argentina next month, China’s Ambassador to India Luo Zhaohui said on Monday. Luo was speaking at the inauguration of the first Joint India-China Training Programme for Afghan diplomats in New Delhi. He said the event was just the first step in Sino-India cooperation on Afghanistan and collaboration will deepen in future. Prime Minister…

0
Read More

Modi, Xi to meet on G20 sidelines in Argentina: Chinese envoy

NEW DELHI: Chinese President Xi Jinping and Prime Minister Narendra Modi will meet on the sidelines of the G20 meeting in Argentina next month, China’s Ambassador to India Luo Zhaohui said Monday. Luo was speaking at the inauguration of the first Joint India-China Training Programme for Afghan diplomats here. He said the event was just the first step in Sino-India cooperation on Afghanistan and collaboration will deepen in future. Prime Minister Modi and President Xi will meet on the sidelines…

0
Read More

PM Modi, Chinese President Xi Jinping to meet on G20 sidelines in Argentina- The New Indian Express

By PTI NEW DELHI: Chinese President Xi Jinping and Prime Minister Narendra Modi will meet on the sidelines of the G20 meeting in Argentina next month, China’s Ambassador to India Luo Zhaohui said Monday. Luo was speaking at the inauguration of the first Joint India-China Training Programme for Afghan diplomats here. He said the event was just the first step in Sino-India cooperation on Afghanistan and collaboration will deepen in future. Prime Minister Modi and President Xi will meet on…

0
Read More

global economy is turning into a battleground, fear finance chiefs

Tumbling stock markets this week underscored the fraying consensus, though signs of calm returned Friday. Against that backdrop, policy makers and economists – many of whom had their sleep disturbed early Thursday when a magnitude 6.4 earthquake struck off the resort island’s coast – urged the US and China to step back from the brink before their trade war takes a meaningful bite out of global growth. Finance chiefs were painting a gloomy picture in Indonesia. Credit:AP Trade Tensions The…

0
Read More

Ambassador says China confused over who speaks for Trump on trade

“They don’t know who is the final decision-maker,” said China’s ambassador to the United States, Cui Tiankai. | Chris Kleponis/AFP/Getty Images Trade ‘Who is playing what role? Sometimes it could be very confusing,’ Cui Tiankai said. By DOUG PALMER 10/14/2018 12:24 PM EDT Twenty-one months after President Donald Trump took office, China still does not know which of his top advisers has the most influence over the president’s handling of increasingly fraught trade tensions with Beijing, Cui Tiankai, China’s ambassador…

0
Read More

Officials – Daily Pakistan Observer –

BEIJING : Prime Minister Imran Khan will arrive in Chinese commercial and industrial hub Shanghai to attend the opening of China International Import Expo (CIIE) on November 5, officials said here on Sunday. The Chinese government has granted the status of “Guest of Honor” to Pakistan at the CIIE, to be held till November 10. This will ensure the provision of all possible facilities and benefits to the Pakistani pavilion. It is also a reflection of special gesture of goodwill…

0
Read More

Analysis: At IMF meetings, China’s globalisation agenda left behind in trade debate

Indonesia – Three days before U.S. President Donald Trump took office in January 2017, Chinese President Xi Jinping portrayed Beijing as the champion and defender of globalisation at the Davos World Economic Forum amid rising fears of trade protectionism. A few months later, as Xi launched a forum on China’s vast Belt and Road effort, promising to spread Chinese investment and soft power through the world, it appeared his country’s global stature was rising. But now the lustre on Beijing’s…

0
Read More

Finance minister emphasizes S. Korea is not a currency manipulator

SEOUL, Oct. 12 (Yonhap) — South Korea’s finance minister said Friday that his country should not be regarded as a currency manipulator as it strives to enhance transparency in its currency market. Kim Dong-yeon made the argument during a meeting with U.S. Treasury Secretary Steven Mnuchin on the Indonesian resort island of Bali on the sidelines of G-20 meeting of finance ministers and central bankers, according to the finance ministry. Kim cited latest trends in the foreign currency market, efforts…

0
Read More

US Trade Spat Needs Constructive Solutions: China’s Central Bank

Tensions between the nations have soared with US rolling out billions of dollars in tariffs against China Nusa Dua:  China’s central bank governor Sunday sought to cool the temperature on a brewing trade-and-currency war with the United States, calling for “constructive solutions” as the spat threatens to knock the world economy. Speaking on the last day of the IMF-World Bank annual meetings in Bali, Yi Gang warned that the stakes could hardly be higher and cautioned that a clash between…

0
Read More

‘US-China trade war not a threat to world economy’ – ASEAN Plus

Nusa Dua (Indonesia): US Treasury Secretary Steven Mnuchin (pic) pushed back against warnings that Washington’s trade fight with China imperils the world economy, saying that pushing Beijing to open up will be good for all. The IMF has warned this week at annual meetings in Bali that the escalating US-China trade confrontation would hobble global economic growth, as the fund lowered its forecasts for this year and next. But Mnuchin told reporters on the Indonesian resort island that President Donald…

0
Read More

IMF members pledge to avoid using currencies as trade weapon

Agreement came as US Treasury Secretary Steve Mnuchin reiterated his concern over the yuan’s weakening against the dollar Steve Mnuchin (second from right) with Nicolas Dujovne, Argentina’s economy minister (left), Taro Aso, Japan’s finance minister (second from left), and Perry Warjiyo, governor of the Bank Indonesia at the IMF and World Bank Group annual meetings in Nusa Dua, Indonesia. Nusa Dua, Indonesia: The International Monetary Fund (IMF) said on Saturday its members pledged to refrain from competitive currency devaluations and…

0
Read More

Indonesia Warns World Finance Leaders Over Trade War

NUSA DUA, INDONESIA —  Just in case any of the global central bankers and finance ministers gathered in Indonesia missed the message delivered repeatedly this week, the host nation said it again Friday: Everyone stands to lose if trade wars are allowed to escalate. Indonesian President Joko Widodo didn’t mention the United States or China, the world’s two largest economies, but it was clear who he was talking about in an address to the plenary session of the International Monetary…

0
Read More

Japan wants to put global imbalances on the map

Japan wants to highlight global imbalances as key topics of debate, and take steps to fix them, when it chairs next year’s gatherings of the Group of 20 major economies, government officials said this week. Tokyo hopes other countries would join Japan to counter US President Donald Trump’s focus on narrowing US trade deficits through purely bilateral trade deals, the officials say, rather than the big international agreements now in place. The annual International Monetary Fund and World Bank meetings…

0
Read More

China sees yuan drop not in its interest

US Secretary of the Treasury Steven Mnuchin yesterday said Chinese officials told him this week that a further depreciation of China’s currency was not in the country’s interest. Mnuchin also told a news conference that he was “not losing any sleep” over the prospect that China could sell US Treasury debt amid rising trade tension between the world’s two largest economies. “We had productive conversations and they emphasized to me that it is not in their interest to see the…

0
Read More

PressTV-US downplays trade war threat to world economy

US Treasury Secretary Steven Mnuchin has pushed back against warnings that the trade war between Washington and Beijing will jeopardize the global economy, saying that pushing China to open up will be good for all. Mnuchin told reporters in Bali, Indonesia, on Saturday that US President Donald Trump’s drive to punish China with tariffs to encourage it to adopt fairer trade practices would not imperil the world economy. “Our objective with China is very clear: it’s to have a more…

0
Read More
About

Business on the Web provides the latest Business News: Breaking Personal Finance, Company,  Financial and Economic News.

Our blogs are an excellent place for technology professionals to get up-to-date industry news. Blogging about the hottest education technology issues.

Social Links