G20 summit, officially kicked off today, before all the conjecture about the upcoming G20 summit announced. Conceivable that all 20 will be fierce for the respective interests of the “bickering.” But there is no doubt that the two countries will become the protagonist of the game.

China’s strong trade surplus will again rise to the exchange rate issue is the dispute? The second round of quantitative easing, the Fed will face a siege of 19 countries what? Where the way of financial regulatory reform? These three issues may become the focus of G20 summit.

With the midterm elections the Democratic Party defeated the United States and the second round of the Fed “printing machine” start, the eyes of the world economy has long been temporarily left the peg of the Chinese. However, the Chinese trade data released in October again focused its attention in the recent exchange rate of the extremely sensitive vocabulary.

Data show that China exports in October rose 24.3%, imports grew 29.2%. Trade surplus widened to 27.1 billion, a record high of 3 months.

The face of China’s strong trade surplus and nearly 450 billion U.S. trade deficit, “re-balance trade,” the issue was referred to the probability of greatly increased.

G20 summit KimYoonKyung Korean official spokesman said yesterday that the G20 summit draft communique this week, all-day meeting Tuesday, representatives to exchange rates and imbalances launched a “very intense” debate. He also joked no shortage of humor, the delegates disagree, heated discussion, small conference room door must be open ventilation, otherwise the room will be too high.

In addition, he said sure, G20 summit of world leaders on the exchange rate will follow the previous finance ministers meeting in Gyeongju, the consensus that the devaluation of the currency is not the vicious race.

The world economy is slowly recovering, but the fragility of the recovery and further imbalance appears, the outlook is not optimistic. In such circumstances, countries should shoulder the responsibility and the courage to face their own problems, adhere to international cooperation, properly handle differences. China will try to run their own affairs, their problems will not blame others.

In fact China’s trade data in October is lower than the market expected, China is the main problem is how to solve the problem of inflation. RMB exchange rate is China’s internal affairs, China will solve their own problems, and for recovery is good for the world economy without the disadvantages.

Triggered the global financial crisis on the financial companies implement monitoring programs will be important topics of the G20. Meeting is expected to introduce, including the Basel Committee on Banking Supervision published the case of bank capital regulation, including other regulatory cases. First, bankruptcy would be a huge impact around the world may have a large financial company to develop regulatory programs.

National political leaders and regulatory officials have concluded, consistent with the provisions of a global approach to the winding up failed banks is a much more complicated challenge.

G20 will pay close attention to create two different list of systemically important banks. The first includes 20 or so if the collapse of the international financial system would pose a risk to the global bank. The second list is listed by country banks, which some banks have a system of national economic importance, but does not pose a risk to the world.

According to those who heard the briefing said the agenda, national officials have reached a consensus: global regulators should focus on large banks with global operations, excluding those that focus on domestic, cross-border business without too many big banks. Meanwhile, G20 will be postponed to decide whether to systemically important banks charge an additional fee of global capital.

One heard the G20 agenda briefing said: “This may apply to Bank of China or Japan. These countries have large number of banks, but the assets held outside the domestic market is relatively insignificant.”

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