His warning on Sunday followed bilateral talks with Barack Obama that the US president described as “extremely productive”, but which failed to bring both sides closer on thornier topics such as tensions in the South China Sea.
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Xi also told Obama it was the responsibility of China and the United States to carry out a successful G20 summit and to “inject momentum to the global economy while lifting confidence”, Xinhua said. Over the years, however, countries have shown sluggish performance in reaching the target amid a global economic meltdown, pushing countries to encourage domestic growth and shy away from vigorous worldwide trade.
Addressing the incident at the airport during a news conference in Hangzhou on Sunday, Obama said: “I wouldn’t overcrank the significance”.
“Countries have been eagerly looking for new growth engines since the financial crisis in 2008.Xi’s speech offered a prescription to the recovery of the world economy”, said Eric Jing, president of Ant Financial Services Group, an arm of e-commerce giant Alibaba Group.
He told reporters that G20 members have a key role in promoting a stable, inclusive and sustainable economic growth agenda.
Kerry and Lavrov’s talks on the sidelines of the Group of 20 economic summit represent their third significant attempt since July to finalize a new U.S.
One. Russian President Vladimir Putin, British Prime Minister Theresa May, South Korean President Park Geun-hye, and Indian Prime Minister Narendra Modi all got to walk along red carpet upon their arrivals.
China was angered when Australia blocked the A$10 billion ($7.7 billion) sale of the country’s biggest energy grid to Chinese bidders last month.
Beijing has also criticized Australia, a staunch USA ally, for running surveillance flights over disputed islands in the South China Sea.
Also Sunday, the head of the European Union’s governing body called for action on China’s bloated steel industry. He rejected protectionism and said China has worked toward an open and integrated global economy.
Japanese Prime Minister Shinzo Abe arrived in China for the G-20 summit amid ongoing tensions between the Asian neighbors over claims to islands in the East China Sea.
“That was the ray of hope that came out of what was a really challenging event”, Obama added.
“We see a very fundamentally changed relationship between the United States and Turkey”, said Heather Conley, director of the Europe Program at the Center for Strategic and International Studies, characterizing it as “rapidly deteriorating” and “near a breaking point”.
The two leaders and their delegations met for over four hours before Obama and Xi talked one-on-one as they took a night-time stroll.
Australia, a staunch US ally, has also drawn criticism from China for running surveillance flights over disputed islands in the South China Sea, and supporting USA freedom of navigation exercises there.
The summit was frequently overshadowed by other concerns.
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Kerry, with approval from Obama, traveled to Moscow in mid July to propose an agreement under which the United States would share intelligence and coordinate its bombing of terrorist targets with Russian Federation if Moscow would agree to ground the Syrian air force and stop its own bombing of US -backed opposition forces.
