Share

G20 pledges to reduce excessive imbalances in global economy

There are also tangible initiatives, such as a blueprint on innovative growth, a set of guiding principles on global investment, and a strategy for trade growth.

Advertisement

“Chinese officials say it’s America’s fault that President Obama had to awkwardly exit Air Force One as he arrived in China for the G20 summit meeting, Reuters reports”. “We need to reignite the engine of growth via innovation”.

Obama and Putin also discussed the conflict in Ukraine – a crisis that Obama had earlier discussed with German Chancellor Angela Merkel and French President Francois Hollande.

He said talks between U.S. Secretary of State John Kerry and Russian Foreign Minister Sergey Lavrov on a Syrian truce and provision of humanitarian aid could take “several more days”.

Barack Obama and Vladimir Putin exchanged icy stares as they squared up at China’s G20 summit amid frosty relations between the superpowers.

The North Korean missile launch was a reminder of the many security threats facing the world’s 20 biggest economies.

North Korea has tested missiles at sensitive times in the past to draw attention to its military might.

The test prompted a quick meeting at the summit between South Korean President Park Geun-hye and Japanese Prime Minister Shinzo Abe, who agreed to cooperate on monitoring the situation, according to a Japanese statement. Mr Abe described the launch as “unforgiveable”. There was no direct mention in the statement of the delayed nuclear project.

Hua questioned why China would intentionally create trouble for the United States, adding that the incident was not a high-level issue, echoing comments made by Obama on Sunday. China and Russian Federation oppose the deployment as they fear the system can also be used against their missiles.

The visit opened on a high note, with the U.S and China consummating their unlikely partnership on climate change by announcing they were both entering the global emissions-cutting deal reached past year in Paris.

Advertisement

President Barack Obama says he has asked his staff to assess whether it would be productive for him to meet with Philippine President Rodrigo Duterte.

President Obama John Kerry at G20