China

Ex-China official accuses G20 of being ‘at a standstill’ as global emergencies converge in a severe systemic crisis




A former top Chinese finance official called on the Group of 20 (G20) to take a stronger role rather than staying “at a standstill” as the world faces a severe systemic crisis.Zhu Guangyao, former finance vice-minister, said the world was currently facing a systemic crisis caused by the coronavirus pandemic and it was a global health crisis, a deep global economic recession and a serious crisis of global governance.“G20 is basically at a standstill,” Zhu said at a forum organised by the Beijing…



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