In this Lowy Institute Analysis, the authors examine China’s approach to global economic governance. The paper argues that China will seek a greater role in governance processes, but will pursue a combination of approaches involving both existing Bretton Woods Institutions and new forums.

One of the most significant developments in global economic leadership in recent years has been the development of the G20 Leaders’ Summit. After a positive start, particularly with the 2009 London G20 Leaders’ Summit, the G20 has more recently been criticized as losing focus and making little headway in dealing with major global economic issues...