G20 Summit is an international economic cooperation forum, which was established in February 1999 16 in Berlin, Germany. It belongs to the informal dialogue mechanism within the framework of the Bretton Woods system, and consists of the former G8 and other 12 important economies. The G20 Financial Summit aims to promote open and constructive discussions and research on substantive issues between industrialized developed countries and emerging market countries, so as to seek cooperation and promote international financial stability and sustained economic growth. In accordance with past practice, the International Monetary Fund and the World Bank attended the meetings of the organization as representatives without voting rights.

20 12 In June, at the G20 Summit held in Mexico, China announced its support and decided to participate in the capital increase of the International Monetary Fund, amounting to US$ 43 billion.