Full coverage: G20 Hangzhou Summit

Eight years after the financial crisis swept the world, the global economy still faces a long road to recovery: uncoordinated monetary policies, growing trade protectionism, rising geo-political tensions and setbacks in globalization all require countries and international institutions to work closely to improve economic governance.

Many experts say the existing architecture of global economic governance still needs to catch up with the current situation. Emerging economies have long been under-represented in global economic governance, while their developed peers have a disproportionately bigger say. 

As the world's second largest economy and the biggest holder of forex reserves, China is becoming a key influencer of global economic governance. As the largest representative of emerging economies within the G20, China is expected to play an active role in reform and innovation, strengthening policy coordination, fighting trade protectionism, and promoting inclusive development.