Zhou Eyes Bigger Emerging-Nation Role as G-20 Leaders Meet

Chinese officials indicated the nation wants to play a bigger role in reshaping the post-crisis global economy and could be at the forefront of adopting new financial rules, as a Group of 20 summit began in Toronto.

Problems such as financial crises “can no longer be solved properly under the old traditional framework,” central bank Governor Zhou Xiaochuan wrote in a commentary published on Caijing magazine’s website yesterday. “There should be more participation of emerging-market nations.”