World needs China to take leadership role

Many hope it will energize G20 summit after recent meetings failed to deliver

The world's system of "global governance" badly needs China to deliver - and it needs it to deliver this year.

Everyone has thought for a while that it would only be a matter of time before China began to take on more of a leadership role within the global economy. With a population of 1.3 billion people and an economy recently deemed by the World Bank to have become the world's second-largest, this has long seemed inevitable.