China’s bid to show itself as a responsible and able global economic leader at the G20 summit has been overshadowed by awkward bilateral issues, according to The South China Morning Post.
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Obama also spent about 90 minutes Monday with Russian President Vladimir Putin, another leader whose fate seems intertwined with Obama’s in all the wrong ways.
Ranping Song, the developing country climate action manager at the Washington-based World Resources Institute, commented in The Guardian that China had taken more and more concerted and aggressive actions against climate change in recent years. However, after the dark days of the 2008 crisis inspired then-freshly-elected U.S. President Barack Obama to take over the reins of financial regulatory reform, the annual gathering of the group has, it would appear, degenerated into a publicity opportunity for divergent national concerns.
“The benefits of trade and open markets must be communicated to the wider public more effectively”, said the joint statement. Speaking at the conclusion of the meeting, the International Monetary Fund’s Christine Lagarde said, “There must be more growth and growth must be more inclusive”.
The two leaders tried to downplay the impact on U.S. -European pact have slowed or stalled, while Britain is wrestling with the effects of its June vote to leave the EU and other economies, including Russian Federation and Nigeria, are in recession.
Kerry said the two sides had worked through many technical issues but said the United States didn’t want to enter into an illegitimate agreement.
It got off to a rocky start Saturday when there was no staircase at the airport for Obama’s plane.
“We think it’s important that the press have access to the work that we’re doing”.
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.
China has warned Seoul against installing the Terminal High Altitude Area Defense, or THAAD, system.
The Summit has put the issue of development front and center of the global macro policy framework for the first time.
Beijing complains the system will allow the USA military to peer deep into northeastern China.
With the summit taking place after Britain’s vote in June to exit the European Union and before the US presidential election in November, G20 leaders had been expected to mount a defence of free trade and globalisation and warn against isolationism. Britain’s Prime Minister Theresa May is under pressure to reassure fellow delegates that the United Kingdom will continue to be a key trading partner throughout the process of Brexit.
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To resolve excess steel supply in China that has led to declines in steel prices and hurt trade as well as other steel producing countries, the G-20 leaders agreed to set up a new global forum where they will specifically discuss ways to deal with excess capacity.
