On September 3, Huanqiu reported that the China Chongyang Institute for Financial Studies of Renmin University organized a G20 world think tank summit in Beijing, a step towards reinstating the world’s first G20 think tank system. The article said that the summit will help to lay out the plans for the upcoming G20 Leaders Summit in Australia. According to the article, the theme of the summit is “Great Finance and Global Comprehensive Growth.” The summit participants include think tanks from China, Russia, the U.S., India, Japan, and the EU, as well as representatives from the World Bank, the IMF, and the United Nations. The article claimed that hosting the summit shows the rise of China’s think tanks in their competitive position of the world knowledge. It also demonstrates the ability of China’s think tanks to attract, appeal to, and influence the think tanks in the world. In an interview with Huanqiu, the deputy director of the Chongyang Institute said that the reason that the Chongyang Institute took the lead to reinstate the G20 thank tank system is that China wishes to inject its wisdom and its ability into global management, especially in the reform of the international financial system. He said that China is the country that has made the fewest number of mistakes in financial management in the past 20 years and that the world’s future development needs the Chinese people’s governance experience.
Source: Huanqiu, September 5, 2014