China’s remedies offer a new driving force to global economic growth and overall development, and also point out the direction for world economy to achieve robust, sustainable, balanced and inclusive growth.
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Following Obama’s meeting with Putin, an official said the leaders indicated a desire for Kerry and Lavrov to reconvene deliberations in the coming days.
The G20 summit took place in China as rising populist sentiment puts them under pressure to sidestep hard commitments, and with a stumbling push for a Syria ceasefire and Asia’s territorial disputes intruding on the agenda.
Xi said that the game is of great importance in boosting the cooperation between the two countries in winter sports.
Obama, who had just come from a 90-minute session with Putin on the sidelines of the summit, also pointedly noted, “We’ve had problems with cyber intrusions from Russian Federation and other countries in the past”.
EU President Donald Tusk said in Hangzhou at the weekend that Europe was “close to limits” on its ability to accept more refugees and urged the broader worldwide community not to shirk its responsibilities.
“Our collaborative effort with the United States in fighting terrorist organizations, including the ones in Syria, may be significantly improved and intensified”, Putin said at a press conference on the results of the G20 summit in Hangzhou, China.
Following Obama and President Xi Jinping’s (習近平) announcement and as the summit unfolded, North Korea yesterday fired three ballistic missiles into the sea and inside Japan’s air defense identification zone (ADIZ).
North Korea has tested missiles at sensitive times in the past to draw attention to its military might.
Obama’s next stop is Laos, where he’ll promote his effort to deepen ties to Southeast Asia. He called on Beijing to accept a monitoring mechanism for overproduction that Beijing’s trading partners blame for low prices and job losses.
The Group of 20 developed and emerging economies – this year gathering in a scenic eastern Chinese city which is largely deserted under a sweeping security operation – represents 85 percent of the world’s GDP and two-thirds of its population.
The G-20 called for the formation of a global forum to take steps to address steel excess capacity and encourage adjustments, the White House said in a statement, one of the controversial issues discussed at the summit.
European Commission chief Jean-Claude Juncker said he did not like the idea of Britain holding trade talks while still part of the EU.
Before then, Obama hopes to leave USA relationships on a steady footing, though world events and uncooperative leaders could complicate matters. The International Monetary Fund has cut its outlook for global economic growth to 3.1 per cent.
Britain’s vote to leave the European Union – so far the most striking manifestation of the global mood – leaves it with the task of renegotiating access to the markets of the rest of the world.
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“We agree with the G20’s analysis that the benefits of trade and open markets must be communicated to the wider public more effectively”, said John Danilovich, Secretary General of the Paris-based International Chamber of Commerce.
