China's President Xi Jinping speaks at a news conference after the closing of G20 Summit in Hangzhou, Zhejiang Province, China
The world's leading economies spoke out against a return to protectionism and defended the unfashionable concepts of free trade and globalization Monday (Sept 5), warning the listless global economy needs an urgent reboot.
The G20 summit took place in China with rising populist sentiment discouraging leaders from making difficult commitments, and a stumbling push for a Syria ceasefire and Asia's territorial disputes intruding on the agenda.
"We have agreed... to support the multilateral trade system and oppose protectionism," said China's President Xi Jinping after hosting the gathering in the scenic eastern city of Hangzhou.
At the end of the tightly choreographed talks, held in a cavernous complex in a largely deserted city, Xi produced resolutions on combating industrial overcapacity -- particularly in the sclerotic steel sector -- and boosting international cooperation on corporate taxation.
Read more: http://goo.gl/RkhkJL
No comments:
Post a Comment