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Today marks the start of the G20 summit. Just another meeting of officialdom, you might think. Yet more sterile photo opportunities and meaningless pre-written communiqués.

If that’s your initial reaction, then I sympathise. On previous evidence, you’re right. This G20 summit, though, could really matter. The global economy, despite massive stimulus from the world’s leading central banks, remains in the doldrums – so ministerial minds are focussed. And, for the first time, the G20 is being hosted by China.

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