THE G20 Osaka Summit in Japan convened on June 28-29 had the world hold its breath. Not only were front-burner issues, such as WTO reform and digitalization of the economy, discussed there, but there was much fanfare around the first high-level meeting between China and the United States since the last G20 summit in Buenos Aires late last year. Given the mounting trade tensions between the two countries, the meeting took global center stage.