President Barack Obama and Russian President Vladimir Putin on Monday failed to force a breakthrough in negotiations over a cease-fire for Syria, but agreed to keep looking for a path to provide humanitarian relief to thousands of besieged civilians in the civil war-ravaged country.
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“We should turn the G20 group into an action team, instead of a talk shop”, he said.
Diplomats from the United States and Russian Federation met on the sidelines of the G20 economic summit on Monday but failed to reach an agreement that would bring an end to violence in Syria, officials said.
“It explicitly mentions the need for increasing financial assistance as well as strengthening the contributions of the global community”.
These policies should not only expand aggregate demand but also improve the quality of supply, he said. “The communiques in about 7,000 words”, Panagariya added.
China sees the summit as a showcase for its global leadership credentials, and Asian giant’s geopolitical issues swirled around the gathering.
At around the same time, Xi was telling his South Korean counterpart, Park Gyun-hye, that China is opposed to the deployment of a powerful US anti-missile system in South Korea.
In 2003, North Korea tested an anti-ship missile during an Asia-Pacific Economic Cooperation (APEC) summit held in Bangkok.
The Chinese leader was also to meet Japan’s nationalist Prime Minister Shinzo Abe on Monday, their first encounter in more than a year with their nations divided by territorial disputes and recriminations over history. “An impoverished and collapsing China would be unsafe for everybody”, Obama said.
“We have influenced the outcomes in every area”.
China is intent on keeping the G20 on script.
Panagariya said issues of global financial governance, tax evasion, trade investment and growth were some of the issues discussed at the meeting.
But the talks take place amid a perception that the global economic order exemplified by the G20 is not working for ordinary people.
French President Francois Hollande said: “France is for globalization, but on condition that it is regulated, that there are principles, standards, particularly for the environment, for society”.
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LONDON, Sept 5 Prime Minister Theresa May said on Monday that Britain and China were enjoying a “golden era” and the strategic partnership would not be derailed by her decision on whether to back a part-Chinese funded power station at Hinkley Point.
