China's multifaceted financial diplomacy benefits all

Secondly, China has laid emphasis on neighboring countries and emerging economies, committed to helping them recover from the global financial crisis with financial aid and expanding cooperation among emerging markets.

Thirdly, China stressed "inclusive gains" and that the emerging economies and vested interests are not necessarily antagonistic to each other.

China and other economies promoted reforms in the international financial system, trying to remove institutional basis of the global economic imbalance so that all can benefit.

Miller has said that China's role in realizing the international financial stability totally served the interests of the United States, adding that Washington should encourage Beijing's involvement in international financial affairs.

Therefore, China's financial diplomacy is bound to both facilitate its own financial innovation and economic transformation and improve the global governance structure. What's more important, the achievements generated by such policies will in push further forward the world's economic rebalance and sustainable development.