Gathering synergy for a new type of world economy

President Xi Jinping made a crucial point at the Business 20 Summit on Saturday, when he said that China, as a beneficiary of the current international order, does not seek to rewrite the international rulebooks. Instead, it wants to refine the existing mechanisms to facilitate global win-win cooperation.

His appeal for multilateralism in global governance explains why Beijing holds the G20 so dear.

Some people tend to read Beijing's enthusiasm as eagerness for securing its footing on the world stage, or an opportunity to announce its coming of age as a global power.