Barry Carin, Senior researcher from CIGI (Centre for International Governance Innovation), gave a lecture entitled "China and G20" on 26 May 2014 at the School of Public Policy and Management of Tsinghua University. This event was co-hosted by Brookings-Tsinghua Center for Public Policy and the Center for Industrial Development and Environmental Governance (CIDEG). Dr. CHEN Ling, Associate Professor of SPPM and Vice Director of CIDEG hosted the lecture and Professor XUE Lan, Dean of School of Public Policy and Management presented at the lecture.
Dr. Barry Carin pointed out that G20 is required for sustainable economic growth in China and in turn China is needed for proper functioning of G20. G20 shall help in better regulation of financial derivatives, reform of international financial institutions and peaceful resolution of international disputes in respect of exploitation of ocean resources. China is supposed to play a much more important role against the background of American political stalemate and European debt crisis. Since the start of Deng Xiaoping Era, China is pursuing its foreign policy of “Taoguang yanghui (Observe calmly and secure our position)", thus it's not skilled enough to create win-win results within the multilateral frameworks, but favors bilateral negotiations more. Future China has to play a more proactive role in devising a new international order.
Dr. Barry Carin suggested China should put forward the reform package agenda to contribute to G20 and global governance during China’s G20 presidency which is coming in 2016. The applicable proposals include reinforcing the regulation of shadow banking, narrowing the gap between global governance and internet governance, reforming organizational design and procedures in the G20, and offering a top-down solution to global climate change so as to finally propose a new goal and framework for global governance.
About thirty teachers and students coming from Tsinghua University or other institutions took part in the event, and provided a lively exchange with Dr. Barry Carin on issues such as WTO and international governance.
