Bacis facts about G20

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Source: CCTV.com | 04-02-2009 18:53

The G20 was initiated at a meeting of G7 finance ministers in September 1999. The Asian financial crisis had wakened the world's economic powers to the need to incorporate key industrial and emerging market countries into global economic and financial policy making.

The G20 members are the United States, Japan, Germany, France, Britain, Italy, Canada, Russia, China, Argentina, Australia, Brazil, India, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea, Turkey and the European Union.

The G20 economies account for more than 80 percent of the global GDP, about 80 percent of world trade and about two thirds of the world's population. Finance ministers and central bank governors hold annual meetings with a rotating presidency.

Editor:Xiong Qu