G20 was initiated in 1999 and consists of Argentina, Australia, Brazil, Canada, China, France, Germany, India, Indonesia, Italy, Japan, Mexico, Republic of Korea, Russia, Saudi Arabia, South Africa, Turkey, the United Kingdom, the United States and the European Union (EU).
Before the outbreak of global financial crisis in 2008, G20 meetings of Finance Ministers and Central Bank Governors were held to discuss international financial and monetary policies, reform of international financial institutions and world economic development. The first G20 Leaders' Summit was held in 2008. In September 2009, the Pittsburgh Summit announced G20 as the premier forum for international economic cooperation, marking an important progress in global economic governance reform. The tenth Summit was held in Antalya ,Turkey in November, 2015.
Some guest countries and the United Nations, the International Monetary Fund, the World Bank, the World Trade Organization, the Financial Stability Board, the International LabourOrganisation, the Organisation for Economic Co-operation and Development(OECD) were also invited to attend G20 Summit.
Engagement groups such as B20, L20, T20 also convene to prepare policy recommendations for the G20 Summit during the year.【More】
The first G20 Leaders’ Summit was held from 14-15 November 2008 in Washington D.C., United States of America.
The summit focused primarily on strengthening financial regulation, with agreement on a 47-point action plan to improve financial regulation over the medium term.
A Declaration was released at the conclusion of the summit.【More】
Rhythm Media Group is a multi-media company, operating a US-based Chinese daily newspaper, The China Press, and the paper's website - uschinapress.com (which has mobile-app version), as well as a Beijing-based English website Sino-US.com. The group boasts 15 branch offices across the US, and a number of cultural centers focusing on culture-related business in the North America, Chinese mainland, Hong Kong and Taiwan.
Launched in September 2012, the Sino-US.com is designed to serve as a bridge between China and the US, and to keep its readership inside or outside China better informed by providing news and insights on China's current affairs, culture, life, business, people and sports.