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Media Report
September 04 , 2016
  • CNBC reports that U.S. President Barack Obama said on Sunday that bilateral talks with China's Xi Jinping had been "extremely productive," as world leaders gathered for a G-20 summit expected to address sluggish global economic growth and the looming spectre of protectionism...Obama, who arrived on Saturday, held talks with Xi that ran late into the night. He urged Beijing to uphold its legal obligations in the disputed waters of the South China Sea, and stressed U.S. commitments to its regional allies...Xi said China would continue to safeguard its sovereignty and maritime rights in the South China Sea.
  • Reuters reports that Japanese Prime Minister Shinzo Abe will hold talks with Chinese President Xi Jinping on Monday, the Japanese government said, the first such meeting in more than a year as Asia's two largest countries are locked in a territorial dispute.The meeting will follow the conclusion of the two-day G20 summit that started on Sunday in the eastern Chinese city of Hangzhou.Tension flared up last month after more than a dozen Chinese coastguard and other government ships sailed near a group of East China Sea islets controlled by Tokyo but claimed also by Beijing, making a meeting between the two top leaders on the sidelines of the G20 summit uncertain. 

  • Wall Street Journal comments that determination to fix economic trends on growth, trade and investment—and sliding confidence about the benefits of globalization—permeates a draft of a communiqué expected to be adopted Monday by G-20 leaders. But according to a copy seen by The Wall Street Journal, the G-20 list of remedies rivals the world economy in its complexity, running on for 7,000 words with ideas about migration, terrorism, energy and the spread of the Zika virus. The final document, said a European diplomat involved in the negotiations, risks looking "like a Christmas tree."...China's president has staked considerable global capital on an often unwieldy G-20 as he tries to peddle Beijing's vision for the global economy. Many of the measures in the draft had Mr. Xi's fingerprints, including more than 25 references to making growth "innovative," a term much in use by China's leadership these days.But many other government leaders came to Hangzhou hoping to see pledges of straightforward action: drastic cuts in China's steel production.
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