ST. PETERSBURG, Russia -- There's been a lot of passionate talk and chatter here among
Indeed, this year's
That said, this gathering has revealed some things about the state of relations and what's happening in the global economy. Here are a few takeaways:
--A very low point in U.S.-Russia relations: Apart from leading a vigorous opposition to Obama's bid for swift military action in Syria, Russian President
In briefings, Russian officials also made a point to jab the U.S. for failing to make good on the G-20 pledge to reform the
And after a meeting with leaders of other major emerging countries, Putin's spokesman, Dmitry Peskov, said the group "clearly expressed discontent" over the recent disclosures of government digital surveillance, a reference to the leaks of U.S. spying programs by the American fugitive Edward Snowden, who happens to be taking refuge in Russia.
--China's rise on the international stage: It wasn't long ago that Chinese officials said little or nothing during such major international forums. They rarely gave news briefings, and when they did, it was just for the Chinese media.
But at this year's summit, Chinese officials were among the first to hold briefings to air their opinions on everything from a U.S.-led strike in Syria -- it would hurt the global economy, said Vice Finance Minister Zhu Guangyao -- to the lion's share that Beijing has said it would contribute to a new rainy-day fund to protect emerging financial markets from currency losses.
--Germany's great cover: A major goal of the G-20 has been to achieve a better balance between those countries running big deficits, namely the U.S., and others with large surpluses in their trade and current accounts. In past years, most everybody pointed fingers at China.
But China's current-account surplus, as a share of its economy, has fallen sharply since the recession. Meanwhile, Germany's surplus has continued to grow, about double China's ratio. Yet nobody, including the U.S., has been making much of a stink about this. One factor is that Germany's trade activity is sometimes lumped in with the 16 other members of the Eurozone, and when seen this way, the picture doesn't look so bad because other euro countries are running large deficits.