Britain, the United States, Japan, France, Germany, Canada, Italy, Russia, Australia, Brazil, Argentina, Mexico, China, Indonesia, India, Saudi Arabia, South Africa, Turkey, South Korea, a total of 19 countries and the European Union.

The historical development of G20 Summit;

1997 after the Asian financial crisis, the voice of increasing the voice of developing countries in global economic activities is growing.

1999 in cologne, Germany, the finance ministers of eight industrial countries, namely, the United States, Japan, Germany, France, Britain, Italy, Canada and Russia, proposed that in order to prevent the recurrence of the Asian financial turmoil, more countries should hold regular dialogues on international economic and monetary policies, which is conducive to the stability of the global financial and monetary system.

1999 The G-8 finance ministers announced the establishment of the G-20 Forum in Washington, which is composed of finance ministers and central bank governors of the European Union, the Bretton Woods institutions and 19 countries.

1999 Berlin, Germany, G8 (USA, Japan, Germany, France, Britain, Italy, Canada, Russia) and EU? Finance ministers and central bank governors from Asia, Africa, Latin America and Oceania jointly held the informal forum of G20 international economic cooperation.

The meeting aims to promote open dialogue between industrial countries and emerging market countries on important issues such as international economy, monetary policy and financial system. Through dialogue, we will lay a broad foundation for discussing and negotiating relevant substantive issues, seek cooperation, promote the reform of the international financial system and strengthen its framework.

China is a founding member of G20, and successfully hosted the 7th G20 Finance Ministers and Central Bank Governors Meeting in 2005. China hosted the G20 Summit in 20 16.

Extended data:

Significance of G20 Summit:

Planning the path of global economic development can also be said to be an important platform for managing global economic problems, guiding the world economy to advance steadily and orderly, pointing out the direction for the way forward, and playing a huge role. Moreover, every meeting has a theme, either a continuation of the results of the last meeting or a major economic problem facing the current economy.

Baidu Encyclopedia -G20 Summit