The Economic Game Between China And The US Under The G20 Mechanism

The adjustment and remodeling of global economic governance mechanism is essentially the redistribution of global economic interests and the readjustment of the game of great powers'interests.The institutionalization of G20 summit is not only a reflection of the balance of power between G8 and G20,but also a result of the power game between developed countries led by the United States and emerging markets represented by China.In the wake of the financial crisis,the United States is faced with the dual pressure of the"power sharing"of emerging powers and the"power struggle"of European countries in the field of global economic governance.As the US seeks to maintain its primacy in global economic governance to the maximum extent possible,the future of the G20 may be hollowed out.At the same time,the G20 is an effective platform for emerging powers,especially China,to participate in global economic governance at this stage.With the help of the G20,China has become a member of the decision-making circle of global economic governance,taking the lead in economic governance and realizing national interests to the greatest extent.By modeling and analyzing the game between China and the United States,it is concluded that there is the possibility of mutual cooperation in the game between China and the United States,and such cooperation is the most favorable choice for the two countries.Based on this analysis,although China and the United States have a game in the economic field,as long as the two sides can actively seek ways of cooperation,it will not pose a threat to the development of the two countries.Meanwhile,as the most important platform for economic governance in the world today,the G20 should also improve its own institutional building to cope with the increasingly complex international situation.Sino-U.S.relation is the most important bilateral relation in the world today and has a great impact on the international situation.The definition of Sino-U.S.relation will affect the future development trend of G20 and its role in global economic governance.With the rise of China and its GDP surpassing Japan in 2010 to become the world's second largest economy after the United States,the United States is deeply threatened by it.The United States encircles and blocks China from political,economic and military aspects to restrict China's development and maintain its hegemony,thus the game between China and the United States has entered a heated state in the long run.In order to avoid the game between the two countries appears lose-lose and threaten the stability of the international situation,the present paper starts with the G20 mechanism to discuss how China can use the G20 mechanism to avoid the risks brought by the game and achieve the maximum benefits.