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G20

G20, a council of 20 major world economies, was formed in 2008 to put the world back on its feet after the financial crisis that year. China, a nation that has contributed over 25% of global economic growth, assumes the G20 presidency in 2016. 
Chinese President Xi Jinping has addressed the informal meeting of the BRICS leaders on Sunday morning. He said the BRICS should help maintain the G20 platform, and try to occupy more favorable positions in global governance. (from cctvnews)