Economic Globalization,G20 and Reform of International Monetary System

Under the background of economic globalization,the cooperation among all the countries,especially,the major countries,in macroeconomic policy is required for preventing economic crises or risks.The G20 Group,including its meeting of finance ministers and central bank governors,is a new mechanism besides the UN framework,which adapts to the economic globalization and helps realize trans-national crisis monitoring,prevention and response.Its meaning also lies in:it not only implies a breakthrough from the traditional world economic order,but also gestates the sprout of the new international economic order.Chinese Renminbi should speed up the process of internationalization under this situation.