He also on Sunday commented it as a major success from the Hangzhou summit on September 4-5 by “encouraging the speedy entry into force of this key agreement” signed in Paris last December, while praising the “outstanding leadership” by China and the United States.
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Speaking at the opening session, the Chinese president said that the global economy has arrived “at a crucial juncture” in the face of slow demand, volatile financial markets and feeble trade and investment.
Hangzhou: As India resisted pressure from the USA and China, who are responsible for around 40 per cent of the world’s carbon emissions, to ratify the Paris climate deal this year, Chinese official media said it is high time India showed it means “business” in limiting climate change effects.
May, 59, is UK’s second woman Prime Minister after Margaret Thatcher, also known as Iron Lady, with whom May is often compared.
China’s President Xi Jinping has urged the leaders to avoid “empty talk” and confront rising protectionism that threatens globalisation and free trade.
China hopes its status as G-20 host will bring it more influence in management of the global economy. Chinese officials want the grouping, created to respond to the 2008 financial crisis, to take on a longer-term regulatory role.
The World Trade Organization is forecasting global trade growth this year at just 2.8 per cent – its fifth year below 3 per cent.
In an effort to shore up public support for trade, they promised “inclusive growth” to spread the benefits of closer global integration more widely to millions of people who have been left behind by wrenching change.
Xi told Modi that China is willing to work with India to maintain their hard-won sound relations and further advance their cooperation, Xinhua news agency reported.
But an European Union diplomat said that in their communique the leaders would make a strong stand on refugee flows, agreeing that they were a global issue and the burden had to be shared.
China had made trade a theme of the meeting in the lakeside city of Hangzhou, southwest of Shanghai, even as it faces complaints that a flood of low-priced steel exports are threatening USA and European jobs, fueling demands for trade curbs.
The joint announcement on climate action by Chinese President Xi Jinping and his us counterpart Barack Obama “represents important progress – but also highlights where continued leadership will be critical”, Keohane added, citing their pledged support for a global market-based measure to ensure carbon-neutral growth in worldwide aviation from 2020 on. But he acknowledged hosting huge summits like the Group of 20 can be overwhelming and said the issue isn’t limited to China.
Meeting with Putin on the sidelines of the G20 meeting here, Obama emphasized the humanitarian importance and urgent need for a ceasefire but was adamant about not striking an agreement that wouldn’t meet his long-term objectives in Syria, a White House official said, speaking on condition of anonymity.
The meeting began on a diplomatic high note following a joint announcement Saturday by Obama and Xi that their governments had submitted documents committing them to carrying out the Paris climate agreement. Washington has imposed import duties of up to 500 percent on Chinese steel to offset what regulators say are improper subsidies.
US President Barack Obama had to come out of Air Force One as Chinese officials reportedly reversed their decision to allow the Americans to use a set of rolling air stairs for Obama’s grand descendence.
“We have a saying in America that you need to put your money where your mouth is”.
Juncker defended the EU’s tax order on Apple against USA criticism.
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The last time the two met on Chinese soil, on the sidelines of an Apec summit in 2014, they could barely hide their mutual distaste.
