IMF Managing Director Christine Lagarde said the thing she will remember about the Hangzhou G20 Summit was the ballet. It was a pretty fantastic interpretation of Swan Lake. My favourite part was watching the ballerinas literally dance across the water. Lagarde said she liked the computer-generated effects that turned one dancer into dozens. Let’s take Lagarde’s word for it; she had a front-row seat, while I watched on television.
But you can take my word on this: if Lagarde’s best memory of the 2016 G20 summit is the gala that Chinese President Xi Jinping put on for his guests on the night of September 4, then the meeting accomplished little of substance. Lagarde arrived in Hangzhou with a call for leaders to get serious about persistently weak economic growth. What she got instead was a good night out with some of her friends.
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