The two leaders also discussed Ukraine during their meetings at the G20; Obama says he emphasized that US sanctions against Russian Federation wouldn’t be lifted until a peace agreement is implemented in Ukraine.
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For China the meeting has been a great chance to capture the world’s centre stage.
The president also discussed the Trans-Pacific Partnership trade deal, which has come under attack from both parties during this campaign season.
State Department officials have declined to elaborate on what the sticking points are preventing a deal, though the US official said the remaining differences revolved around how the plan would be implemented.
The 11th summit of the Group of 20 (G20) has made substantial achievements on development issues, with all members determined to facilitate inclusive and interconnected development, Chinese President Xi Jinping told reporters Monday.
China agreed at the G-20 summit to some steps toward reducing exports from state-owned industry, including the creation of a global forum studying overcapacity in the steel industry.
The communique said, “We recognize that excess capacity in steel and other industries is a global issue which requires collective responses”.
An honor guard looks out from a bus ahead of U.S. President Barack Obama’s arrival at Hangzhou Xiaoshan International Airport in Hangzhou on September 3, 2016. “The benefits of trade and open markets must be communicated to the wider public more effectively”, said the joint statement.
Global economic growth has been shrinking and planned forecasts by the International Monetary Fund predict a 3.1% GDP growth in 2016, a year after China’s own growth fell from double digits in 20 years to below 7%. The pair spoke for about an hour on Monday in Hangzhou in talks a US official described as productive.
American President Barack Obama said on Monday that there are still “differences between his country and Russian regarding Syria”, stressing that a ceasefire would facilitate fighting terrorism including Daesh and Al-Nusra Front, AlKhaleejOnline.com reported.
Discussions at the meeting were distracted by North Korea test-firing three medium-range ballistic missiles in a defiant reminder of the risks to global security.
At about the same time, Xi was in Hangzhou telling his South Korean counterpart, Park Gyun-hye, that China opposes plans to deploy a US anti-missile system in South Korea.
One of the highlights of the summit took place of the sidelines of the main event.
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“On Saturday the US and China formally entered the Paris Agreement”.
