Overall, Xi used his keynote speeches in meetings to present himself as an open-minded and responsible world leader, voicing opposition to protectionism and anti-trade and anti-investment forces.
Advertisement
German Chancellor Angela Merkel said that G20 countries are working on rules to improve conditions for investment in Africa, adding that she believed it was urgent for more direct foreign investment to go to the continent.
That was part of Beijing’s furious reaction to Tokyo’s move to nationalize a string of tiny uninhabited islands controlled by Japan but claimed by China.
China hopes to use its status as this year’s G-20 leader to increase its influence in global economic management.
As the United Nations aviation agency, the global civil Aviation Organization (ICAO), will meet late September, “concerted climate diplomacy by the USA and China will be vital to secure broad participation from their key aviation partners”, which “will be crucial to ensuring environmental integrity and avoiding market-distorting loopholes”, Keohane pointed out.
In his meeting with Chinese President Xi Jinping, Obama raised disputes over cyberwarfare, maritime aggression and human rights.
China agreed to cooperate more closely with its trading partners on its politically volatile steel exports as leaders of major economies ended a summit Monday with a forceful endorsement of free trade and a crowded agenda that included the Koreas, Syria and refugees.
The United States and China on Saturday formally joined the Paris climate change agreement, with President Barack Obama hailing the accord as the “moment we finally made a decision to save our planet”.
Patricia Espinosa said in a statement Saturday that the accord offers an “opportunity for a sustainable future for every nation and every person”.
U.S. Secretary of State John Kerry says the United States will not rush into a deal with Russian Federation to try to end Syria’s civil war.
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 U.N. Framework Convention on Climate Change says the USA and China joining up brings the total so far to just over 39 percent.
He added, however, that “it is essential for the Paris Agreement to enter into force as quickly as possible”.
Obama said that he and Putin have had “productive conversations” about negotiating a “real cessation of hostilities” the war-torn Middle East Country, but that “gaps of trust” have prevented reaching an agreement. China and the United States are the world’s top two producers of man-made carbon emissions.
This, after Duterte warned Obama not to question him about extrajudicial killings in his country.
Xi proposed that the summit should strengthen coordination of macro-economic policies, facilitate economic expansion worldwide, safeguard financial stability, make innovations on growth patterns, tap new potential, optimize global economic governance and make institutional improvements.
Governments should “avoid taking new protectionist measures” and “take effective action to promote trade growth”, Xi said.
This is the first time that the world’s second largest economy took the presidency of the prime platform of global economic governance.
Advertisement
The G-20 called for the formation of a global forum to take steps to address steel excess capacity and encourage adjustments, one of the controversial issues discussed at the summit. Chinese officials say they want the G-20, created to coordinate the response to the 2008 financial crisis, to take on a longer-term regulatory role.
