The China Post
Date: September 6, 2016
By: Joe McDonald ,AP
HANGZHOU, China — China agreed to steps toward reducing its politically volatile steel exports but
Russian President Vladimir Putin, sixth left, meets with Chinese President Xi Jinping, seventh right, in Hangzhou, China, Sunday, Sept. 4, 2016, ahead of the G20 Leaders Summit. (Alexei Druzhinin/Pool Photo via AP)
avoided binding limits 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.
In a joint statement, President Barack Obama and Chinese President Xi Jinping and the leaders of Britain, Japan, Russia and other Group of 20 economies pledged to boost sluggish global growth by promoting innovation and to strengthen the global financial system.
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. The pledge reflected a growing recognition that economic strains are fueling political tensions and a growing clamor to protect local industries.
Chinese leaders hope the two-day meeting will increase their influence in managing the global economy. [FULL STORY]