China, along with other emerging economies, is trying to shape a new world order or, at least, a new financial world order

Recently in June, it joined together with three other major emerging economies — Brazil, Russia and India — to hold a summit meeting in Yekaterinburg, Russia. This brings together the world's two most populous countries — China and India — plus Russia, the world's biggest country in terms of territory, and Brazil, the largest country in Latin America.