“The President will press for action on excess capacity, most notably in the steel industry”, Lew said in a speech to the Brookings Institution previewing the G-20 Leaders Summit in Hangzhou, China.
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Despite China’s own problems with slowing growth they remain the world’s largest economy and have a proven track record in sustaining growth with innovation and technological reforms.
Chen Fengying (陳鳳英), a researcher at the China Institutes of Contemporary International Relations, told Xinhua that Xi will use the home-field advantage to “tell the world about the ‘China ideology, China’s viewpoint and the China plan'”. It, however, did not provide more information such as what they will discuss.
In a statement issued on Friday, Mexico’s Foreign Affairs Ministry called the gathering a “strategic platform for consolidating Mexico’s global role”, and said the president was heading to the forum with five “main goals”, many of which are the same ones China has singled out for discussion.
The agenda of the meeting will also include the implementation of the Paris climate deal and the issues of tax transparency. This is also the first time Canadian Prime Minister Justin Trudeau and British Prime Minister Theresa May will visit China.
In an interview with the Chinese media, Bounnhang, who is also general secretary of the Central Committee of the Lao People’s Revolutionary Party, said China’s G20 presidency reflects the positive view of the Chinese party and government in global cooperation, adding that Laos appreciates China’s leading role.
Diverging from the practice of previous years, five developing countries outside of the G20-Chad, Laos, Egypt, Senegal, and Kazakhstan-were invited to attend this year’s summit to give those states a stronger voice, as an echo of the 2016 theme: Innovative, Invigorated, Interconnected, and Inclusive.
The sixth point to watch, according to the article, is how the G20 summit will create a tighter network to combat corruption.
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Many G20 members are facing domestic political pressure from populist-protectionist parties, such as Australia’s One Nation, to limit foreign investment and wind back free trade deals.
