China’s Chance to Lead on Development
In September, China will host the G20 meeting of world leaders for the first time, and it could not have chosen a more opportune moment to assume a leadership role. China is now the world's third largest source of foreign direct investment, so it should use the summit to press for a new international framework to boost FDI.
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BEIJING – In September, China will host the G20 meeting of world leaders for the first time. It could not have chosen a more opportune moment to assume a leadership role. Chinese President Xi Jinping should seize the occasion to push China’s ambitious development agenda globally. Specifically, Xi should make the case that development done right benefits everyone, and he should launch discussions on a multilateral investment agreement to be developed in the next year.