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China hoping to avoid sensitive topics as G-20 summit host

“The whole country is striving for a successful and fruitful meeting to inject more impetus into the global economic growth”, Foreign Ministry spokeswoman Hua Chunying told reporters Monday.

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Excess steel capacity in particular has been a hot-button issue for many G20 countries this year, amid a slowdown in global demand that has led to a steel glut, layoffs and idled mills.

The first G-20 summit Obama attended was in 2009.

Yu Maochun, an expert on Chinese politics at the U.S. Naval Academy, said China hopes the summit will offer a chance to “find a way to extricate itself from the current diplomatic flawless storm of its own making”, while presenting itself as a “modern, prosperous, confident and gracious host”. The inaugural meeting was hosted by the outgoing President George W. Bush in the fall of 2008.

Conversely to what the upcoming G20 summit is supposed to be all about, according to http://www.chinadaily.com.cn/ Globalization now seems to have its best days in the past, with voices of frustration having kept gaining volume against the backdrop of worldwide slow-growth.

She took the monetary policy of the U.S.as an example of how its changes and uncertainties could jeopardize the financial markets and the domestic economy of other countries as a whole. However, China have laid emphasis on the plan to help increase and encourage all countries on the continent to join and have a greater influence in the grouping and to institutionalize that role. It came at the height of the global financial crisis, and the measures the G-20 leaders agreed on were dramatic and effective, said economist Barry Bosworth at the Brookings Institution.

Last week, China’s top diplomat called on Japan to be “constructive” at G20, with the deeper fear in Beijing that Japan is angling to become involved in the South China Sea dispute as well, at the behest of its ally the United States.

“The G20 has lost a lot of shine, because it’s more about plumbing than about fixing the front of the building.but that’s where the attention is”, Subacchi added.

The two leaders also witnessed the inking of several cooperation documents involving agriculture, inspection and quarantine, the China-Kazakhstan Cooperation Committee, and a project of cooperation between China’s Silk Road Economic Belt initiative and Kazakhstan’s new economic policy of the Bright Road.

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Details of his meeting with Xi on the sidelines is still being worked out.

Employees work on an engine production line at a Ford factory in Dagenham England. Many American firms based in the U.K. are concerned Brexit will adversely impact their businesses