The Dragon’s Footprints: China in the Global Economic Governance System under the G20 Framework

August 25, 2016

The Dragon’s Footprints: China in the Global Economic Governance System under the G20 Framework examines China’s participation in the G20; its efforts to increase its prestige in the international monetary system through the internationalization of its currency, the renminbi; its role in the multilateral development banks — the Asian Infrastructure Investment Bank and the New Development Bank; and its involvement in global trade governance, in light of the dazzling growth its economy has experienced since its ascension to the World Trade Organization in 2001.

Clearly, China has its own views on how to engage with governance bodies and what benefits it expects to reap from its participation in global economic governance. There is no doubt that China is leaving its footprint on many aspects of the international financial system through its growing engagement with and greater integration into the global economy. The Dragon’s Footprints provides an in-depth discussion of what China has gained and learned from this experience and considers the implications for its foreign policy and future economic development.

Table of Contents

  • Acronyms
  • Acknowledgements
  • China in Global Economic Governance: An Introduction
  • China in the G20 Summitry: Review and Decision-making Process
  • China’s Goals in the G20: Expectation, Strategy and Agenda
  • China’s Involvement in Global Monetary Governance: RMB Internationalization and Its Domestic Sources
  • China and Global Energy Governance under the G20 Framework
  • China and Global Trade Governance
  • China in the International Financial System: A Study of the NDB and the AIIB
  • Conclusion

About the Author

Xingqiang (Alex) He is a CIGI senior fellow. Alex is an expert on digital governance in China, the Group of Twenty (G20), China and global economic governance, domestic politics in China and their role in China’s foreign economic policy making, and Canada-China economic relations.