What year is the g20 Summit in Hangzhou?

2016 from September 4th to 5th, the 11th summit of G20 leaders was held in Hangzhou, China.

G20 Summit is an international economic cooperation forum, which was established in Berlin, Germany on February 6th, 2006. 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.

It aims to promote open and constructive discussion and research on substantive issues between industrialized developed countries and emerging market countries in order 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.

2016 from September 4th to 5th, the 11th summit of G20 leaders was held in Hangzhou, China.

Characteristics of G20 Summit

G20 operates in the form of informal ministerial meeting, without a permanent secretariat, and its chairman adopts rotation system. The finance ministers and central bank governors of the organization meet once a year.

The annual ministerial meeting is usually associated with the meeting of finance ministers of the Group of Seven, which is usually held at the end of each year.

The meeting is provided with secretarial services and support by the presidium, some international institutions and external experts, and working groups can be set up as needed to review some major issues and put forward countermeasures and suggestions.