Chinese Finance Minster Jin Renqing announced Sunday in Berlin that China is to take over from Germany the presidency of the Group of 20 (G20), a forum comprising most industrialized and main developing countries.

"The theme of the forum next year would be to enhance global cooperation and ensure balanced and orderly development of world economy," said the Chinese minister.

The G20 members will, through talks and dialogues, seek ways to overcome imbalance in development and the limitation of the current international economic system, Jin said.

Next year, the G20 members will discuss the rational allocation of production factors such as capital, labor and technology, improvement of the current international economic system and the principles of achieving balanced and orderly economic development.

The first two meetings of deputies are to be held respectively in China's southwestern city of Chongqing in March and the northeastern coastal city of Dalian in September. The ministerial meeting is to be held in mid-October in Xianghe, a small town near Beijing, the capital of China.

The G20 was founded in 1999 in Berlin as an informal arena to foster dialogue between major industrial and emerging market countries.

The G20 comprises the Group of 7 members -- Britain, Canada, France, Germany, Italy, Japan and the US -- as well as 13 others, namely China, India, Russia, Argentina, Australia, Brazil, Indonesia, Mexico, Saudi Arabia, South Africa, South Korea, Turkey and the EU.