By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
AmextaFinanceAmextaFinance
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Notification Show More
Aa
AmextaFinanceAmextaFinance
Aa
  • Banking
  • Credit Cards
  • Loans
  • Dept Management
  • Mortgage
  • Markets
  • Investing
  • Small Business
  • Videos
  • Home
  • News
  • Banking
  • Credit Cards
  • Loans
  • Mortgage
  • Investing
  • Markets
    • Stocks
    • Commodities
    • Crypto
    • Forex
  • Videos
  • More
    • Finance
    • Dept Management
    • Small Business
Follow US
AmextaFinance > News > China opposes plans for US to host G20 in 2026
News

China opposes plans for US to host G20 in 2026

News Room
Last updated: 2023/09/09 at 5:21 AM
By News Room
Share
4 Min Read
SHARE

Receive free G20 updates

We’ll send you a myFT Daily Digest email rounding up the latest G20 news every morning.

China has challenged the planned US presidency of the G20 in 2026, according to officials briefed on the discussions, in a move that underscores the deep sense of mistrust between Beijing and Washington.

Chinese officials used diplomatic meetings at the G20 summit in New Delhi this week to voice opposition to the US assuming the rotating chairmanship of the group of leading economies, four officials said.

The dispute over who will host the G20 in 2026 adds to Sino-American tensions over many issues discussed at the annual gathering of world leaders, including Russia’s war against Ukraine and efforts to combat climate change.

The allocation of the rotating G20 presidency, a role that involves setting the agenda for the group’s discussions that year, chairing ministerial meetings and hosting the leaders’ summit, is typically an uncontroversial process that follows a loose schedule.

But Chinese diplomats called for this year’s G20 summit declaration to delete a reference to the expected US presidency in 2026, according to two people briefed on the private discussions during the drafting process. Western countries, including the UK, opposed the Chinese move and supported the inclusion of that statement.

A spokesperson for China was not immediately available for comment on whether it was objecting to the US chairing the G20. The White House declined to comment.

Officials told the FT that China’s stance had come as a surprise to diplomats from other delegations, and had exposed the myriad divisions between the two superpowers. The Chinese arguments against the US were “not G20-related issues”, one of the officials said on condition of anonymity.

The G20 has no permanent secretariat. Brazil will assume the presidency next year with South Africa to follow in 2025. After that, each of the members states will have hosted a summit, meaning a new cycle will commence. The first G20 was held in Washington in 2008.

The US has pitched its 2026 presidency as a sign of its commitment to the grouping, which has been roiled by the geopolitical divisions created by Russia’s war against Ukraine.

“We look forward, ourselves, to hosting the G20 in 2026. And even without Russia’s active participation and the tensions the war has created, I still see the G20 as highly effective,” Janet Yellen, the US treasury secretary, said in New Delhi on Friday.

Chinese president Xi Jinping did not travel to India this weekend, the first time he or any Chinese leader has skipped a G20 summit. But Beijing has insisted it is generally taking a positive approach to the grouping.

Questioned on Friday about whether China’s objections on issues such as Ukraine and climate change were holding up a joint statement from the G20, a foreign ministry spokesperson said Beijing was ready to co-operate with other parties under the principle of “consensus building”.

“The G20 is the premier forum for international economic co-operation. China attaches high importance to and actively participates in G20 activities,” the spokesperson said. 

This week China’s spy agency attacked recent diplomatic overtures from the US towards Beijing as mixing engagement with containment, hinting that a possible meeting of Xi and Biden in November in San Francisco will be in jeopardy if Washington does not show more “sincerity”.

Additional reporting by Joe Leahy in Beijing

Read the full article here

News Room September 9, 2023 September 9, 2023
Share this Article
Facebook Twitter Copy Link Print
Leave a comment Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Finance Weekly Newsletter

Join now for the latest news, tips, and analysis about personal finance, credit cards, dept management, and many more from our experts.
Join Now
Why More Students Are Forgoing Four-Year College

Watch full video on YouTube

Yahoo Finance Invest 2025 (Private)

Watch full video on YouTube

Regions Financial Corporation (RF) Q4 2025 Earnings Call Transcript

Conference Call Participants Ryan Nash - Goldman Sachs Group, Inc., Research DivisionRobert…

US accuses EU of seeking cheese ‘monopoly’ in South America

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects…

Is the US about to screw SWFs?

Just ahead of Christmas, the US Inland Revenue Service dropped a bunch…

- Advertisement -
Ad imageAd image

You Might Also Like

News

Regions Financial Corporation (RF) Q4 2025 Earnings Call Transcript

By News Room
News

US accuses EU of seeking cheese ‘monopoly’ in South America

By News Room
News

Is the US about to screw SWFs?

By News Room
News

Wall Street hits back at Trump’s plan to limit interest on credit cards

By News Room
News

Franklin Moderate Allocation Fund Q3 2025 Commentary

By News Room
News

Zimmer Biomet Holdings, Inc. (ZBH) Presents at 44th Annual J.P. Morgan Healthcare Conference Transcript

By News Room
News

Pentagon invests $1bn in US missile motor unit of defence group L3 Harris

By News Room
News

Understanding Iran: seven books that help explain the unrest

By News Room
Facebook Twitter Pinterest Youtube Instagram
Company
  • Privacy Policy
  • Terms & Conditions
  • Press Release
  • Contact
  • Advertisement
More Info
  • Newsletter
  • Market Data
  • Credit Cards
  • Videos

Sign Up For Free

Subscribe to our newsletter and don't miss out on our programs, webinars and trainings.

I have read and agree to the terms & conditions
Join Community

2023 © Indepta.com. All Rights Reserved.

YOUR EMAIL HAS BEEN CONFIRMED.
THANK YOU!

Welcome Back!

Sign in to your account

Lost your password?