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G20: Hangzhou
This Week in AsiaPolitics
Cary Huang

Sino File | Can China seize chance at G20 to defend globalisation?

Chairing the Hangzhou summit, the country will have to avoid security and human rights overshadowing economics

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The Chinese city of Hangzhou will host the G20 this month. Photo: Xinhua

Chairing the G20 offers China a unique opportunity to promote its domestic development agenda and shape global economic governance, from the head of one of the most exclusive tables of wealthy nations.

As the world’s second largest economy, its biggest exporter, potentially its largest investor, and – above all – the most powerful driver of global growth, China has every reason to lead on the global stage.

And the Hangzhou summit, the most significant gathering of world leaders in China’s history, is the perfect platform for China to seek to expand its clout, and weaken US-led Western dominance of global affairs. It is where developed and developing countries are equal partners and thus their voices equally heard.

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Beijing will use its presidency of the meeting to oppose anti-trade and anti-globalisation sentiment. That will please all in attendance, and is vital to the Chinese economy and global growth.

No country has benefitted more from economic globalisation than China. Its growth over the past three decades has been largely driven by foreign direct investment and exports. Beijing’s increasingly loud calls for globalisation come amid the strange revival of trade protectionism and populism in some developed economies, as evidenced by the Brexit vote in the UK, Donald Trump’s rhetoric in the US, the possible rise of far-right Marine Le Pen in France and the diminishing popularity of German chancellor Angela Merkel’s pro-EU narrative.
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US presidential nominee Donald Trump has been a loud critic of globalisation. Photo: Bloomberg
US presidential nominee Donald Trump has been a loud critic of globalisation. Photo: Bloomberg
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