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G20: China and the World 2009

Inside this issue

• A strong fiscal position and a relatively stable financial system makes Beijing confident it can achieve 8 per cent growth

• See also G20: Africa and the World 2009 and the main report - -

Content

Hesitating to take on global leadership

But a reserve currency proposal should give the country a central role in the debate about financial reform, reports Geoff Dyer

Economy: Leaders are optimistic, but outlook is uncertain

Geoff Dyer says that if the country’s officials are to be believed, the worst is already over

Currency: Undervaluation is a tough case to make

Geoff Dyer on why a big appreciation in the renminbi might not actually help the US much

Guest column: A long hard restructuring road ahead

China can no longer rely on a seemingly infinite capacity to consume on the part of the US, writes Michael Pettis

Global economy: The virtues of not being financially sophisticated

China’s main contribution to world financial health will be to look after itself, writes David Pilling

Domestic impact: Unemployment poses a new challenge to the Party

Geoff Dyer on how the deepening crisis could lead to social unrest