“Held at a critical time for world economic growth and the transformation of G20, the Hangzhou summit attracted wide attention from the whole world and carried high expectations”, Xi said at a press conference after the summit concluded.
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In their final communique, the G20 said they will bolster integration of global markets.
In China, Erdogan said he told all world leaders at the Antalya summit a year ago that “in Syria a safe zone could be set up. and we could solve the refugee crisis”.
Obama’s meeting with Chinese President Xi Jinping also veered into delicate territory, with a lengthy White House description detailing how Obama had pressed Xi to abide by an worldwide tribunal’s ruling against China over the South China Sea.
Turkey on Tuesday said it hoped a ceasefire in Syria could be implemented in time for a major Islamic holiday that begins next week, despite the failure of world powers to announce a deal at the G20 summit in China.
On Monday, North Korea added to the drama by firing three ballistic missiles off its east coast.
Obama said he had instructed Secretary of State John Kerry to continue negotiating with the Russians over the coming days to see if a deal was possible.
U.S. President Barack Obama said on Monday that the United States had to move in concert with other countries on the issue of tax avoidance, as some U.S. allies were “racing to the bottom” with their tax policies.
President Barack Obama and Chinese President Xi Jinping pose for photographers as they shake hands before their meeting at the West Lake State Guest House in Hangzhou in eastern China’s Zhejiang province, September 3, 2016.
Perhaps one of the significant outcomes from the G20 summit was when China and the United States ratified the Paris Agreement on Climate Change on Saturday, paving way for its implementation.
British Prime Minister Theresa May, attending her first G20 summit, said governments needed to “do more to ensure that working people really benefit from the opportunities created by free trade”.
China, asking in public for more openness and steps to counter protectionism, is still giving Western investors only very limited access to their market, a European official said. After the meetings, the International Monetary Fund’s Christine Lagarde told The Wall Street Journal, “There must be more growth and growth must be more inclusive”.
The document, to be released later, “explicitly mentions the need for increasing financial assistance as well as strengthening the contributions of the global community”, the diplomat told reporters.
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His visit to Hangzhou got off to a chaotic start.
