What role will China play in the G20 summit?

DEMAND FOR MORE RIGHTS

At the London Summit, China will continue to demand more rights for developing countries, such as more voting rights, predicted Gong Li, director of the International Strategic Research Institute of the Party School of the Communist Party of China Central Committee.

Weeks ahead of the summit, Chinese Premier Wen Jiabao called for reforming the internal governance structure of the IMF to fend off financing and investment risks, balance rights and obligations and pay more attention to the interests of developing countries.

On Saturday, finance ministers from Brazil, Russia, India and China called for greater voting rights for developing countries within international financial organizations on the sidelines of a meeting of G20 finance ministers and central bankers.

Proposals include setting up a global early warning system for the financial sector, building effective responding and rescuing mechanisms, and most importantly, greater representation for emerging and developing countries within the IMF and the World Bank.

China will also call for stricter financial supervision and protest any form of trade protectionism, said Gong.