China: G19 Plus One

John M. Mason submits:

From G20 skeptics wait for shift in behavior:

Another phenomenon on display (at the G20 conference over the weekend) was Chinas willingness to continue fighting on its own in the G20 if necessary.

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In the face of determined and often solo opposition from China, the finance ministers did not mention foreign exchange reserves in the list of indicators (to be used in determining economic imbalances in the global economy).

Actually, the makeup of the G20 seems to look more like a quadrilateral. At the corners: China, the United States, Germany and the rest.

China seems to be holding its own against the others: Eswar Prasad, former head of the IMFs China division stated that "With the rest of the G20 arrayed against it, China still managed to hold its own. China, more and more, is feeling its rising strength in international policy discussions.

Then there is the United States.

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